1002 Grenfell LnHoustonTX77076
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Houston at 1002 Grenfell Ln, Houston, TX, 77076 offers a 10.79% rental yield on a $244,876 purchase with $2,202/mo rent. Total monthly income registers $2,202/mo, and a $1,199/mo payment leaves $460/mo available for distribution. Annual cash flow reaches $5,522/yr on $81,176 to close, and return on cash invested stands at 26.71% in year one. Equity gained on principal adds $1,580/yr while 5% annual appreciation supports $67,655 over five years. Portfolio math shows five-year ROI at 140.58% and total cumulative return in cash at $114,117. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,202/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,078 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77076, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,368 (100%) |
| Owner Occupied HU | 4,757 (45.9%) |
| Renter Occupied HU | 4,688 (45.2%) |
| Vacant Housing Units | 923 ( 8.9%) |
| Median Home Value | $176,556 |
| Average Home Value | $227,130 |
Housing Distribution
Address Breakdown
Residential
9,945
Single Family
7,220
Multi-Family
2,725
Businesses
1,001
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