1031 Candlelight LnHoustonTX77018
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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
Rental property for sale in Houston at 1031 Candlelight Ln, Houston, TX, 77018 priced at $815,000 pairs $6,278/mo rent with $482/mo cash flow after a $3,989/mo payment. Total monthly income equals $6,278/mo, and annual cash flow comes to $5,789/yr on $268,135 invested. Return on cash invested is 22.22% in year one, and rental yield stands at 9.24% on a $815,000 basis. Equity gained on principal adds $5,259/yr, and 5% annual appreciation accumulates to $225,169 by year five. Five-year ROI measures 116.42% and total cumulative return in cash reaches $312,169. For financing, Ziffy Mortgage’s DSCR program evaluates $6,278/mo property income against a $3,989/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
8,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77018, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,675 (100%) |
| Owner Occupied HU | 8,924 (65.3%) |
| Renter Occupied HU | 3,538 (25.9%) |
| Vacant Housing Units | 1,213 ( 8.9%) |
| Median Home Value | $532,852 |
| Average Home Value | $602,695 |
Housing Distribution
Address Breakdown
Residential
13,239
Single Family
10,993
Multi-Family
2,246
Businesses
1,362
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Listed by: Donna Nisenson • Better Homes and Gardens Real Estate Gary Greene - West Gray
Mls Name: HAR
Mls Provider:
Mls ID: #21145829
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