---
title: "21242 Serene Meadow Dr, New Caney, TX 77357: DSCR and rental numbers | DSCR Labs"
description: "New Caney rental numbers: rent about $1,730 a month, DSCR 1.02 at 25% down, taxes 3.34% a year. A free Greater Houston DSCR Snapshot, updated Oct 13, 2026."
url: https://dscrlabs.com/calculator/tx/new-caney/21242-serene-meadow-dr-77357/zaq4ja4m
---

# 21242 Serene Meadow Dr, New Caney, TX 77357

For sale at $189,990. 3 bedrooms, 2 bathrooms, 1,451 sq ft, built 2026. Updated Oct 13, 2026.

## Summary

At the starting numbers, this home is not a good fit for a DSCR loan. The deal loses money each month. The rent covers the monthly payment 1.02 times (DSCR 1.02), and you would put in $261 a month after vacancy and reserves.

With the other settings as they are, a price from $114,000 to $135,000 works on all three scores. Getting a price in that range would be possible with a motivated seller. The home is in a municipal utility district (MUD): East Mont Co MUD 13A adds 1.50% to the tax rate. Before making an offer, ask a local leasing agent what homes like this one have actually leased for.

## The numbers at the default assumptions

With 25% down and the estimated rate. Try your own numbers on the page.

| | |
| --- | ---: |
| Price | $189,990 (the asking price) |
| Down payment | 25% ($47,498) |
| Renovation budget | $10,000 (paid in cash) |
| Interest rate (estimate) | 7.51% |
| Monthly payment (PITIA) | $1,693 |
| Principal and interest | $998 |
| Property taxes | $530 |
| Insurance | $166 |
| HOA dues | $0 |
| Rent (estimate) | $1,730 (likely $1,630 to $1,840, from 15 rentals) |
| DSCR | 1.02 (the rent covers the payment 1.02 times) |
| Monthly cash flow | −$261 |
| Cash to close | $63,197 |
| Cash-on-cash return | −4.95% |

## Taxes

Combined tax rate 3.34% a year (2026 rates), including a MUD. It uses no homestead exemption, because that ends when a home sells.

## Flood and insurance

FEMA flood zone X. Insurance estimate: $1,492 to $2,486 a year.

## Before you rely on these numbers

- Every number here is an estimate. Before you make an offer, get a lender’s quote, an insurance quote, and a recent lease nearby to check the rent.
- Property taxes reset after a purchase. The seller’s exemptions and caps don’t transfer, and the taxable value moves toward your price.
- Get a real landlord insurance quote. Prices vary a lot by ZIP code, roof age and flood zone.
- Check the rent against a recent lease nearby. Lenders use the lower of your signed lease and the appraiser’s rent estimate.
- Texas doesn’t make sale prices public, so every home value estimate here is rough. Ask an agent for recent sales nearby before you make an offer.

## Sources

U.S. Census Bureau, county tax records, FEMA’s flood map, the Texas Department of Insurance and RentCast. See how we make these reports: https://dscrlabs.com/calculator/methodology.md

Try your own price, down payment and rent on the report page: https://dscrlabs.com/calculator/tx/new-caney/21242-serene-meadow-dr-77357/zaq4ja4m

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[Greater Houston DSCR Calculator](https://dscrlabs.com/) by [DSCR Labs](https://dscrlabs.com/). This is an estimate, not a loan approval.