1051 Althea DrHoustonTX77018
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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 1051 Althea Dr, Houston, TX, 77018 offers $5,922/mo rent that, after a $7,425/mo payment. Total monthly income is $5,922/mo. Return on cash invested measures 6.59% in year one, and rental yield stands at 4.68% at a $1,517,000 entry. Equity gained on principal adds $9,789/yr while 5% annual appreciation compounds into $419,119 by year five. Five-year ROI records 33.23% and total cumulative return in cash reaches $163,341. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,922/mo property income versus a $7,425/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
8,211 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: Bardia Samiee • Mazan Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #35765637
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