10811 Richmond Ave APT 7HoustonTX77042
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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 10811 Richmond Ave APT 7, Houston, TX, 77042 earns from $1,098/mo rent with a $685/mo payment. Total monthly income totals $1,098/mo. ROI tracks 15.61% on current figures, and rental yield reads 9.42% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 83.5% and total cumulative return in cash sums $38,727. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,098/mo property income instead of your personal income.
Condo
Built in 1980
0.35 Acres lot
$N/A/sqft
$269 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77042, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,063 (100%) |
| Owner Occupied HU | 4,722 (19.6%) |
| Renter Occupied HU | 16,302 (67.7%) |
| Vacant Housing Units | 3,039 (12.6%) |
| Median Home Value | $397,155 |
| Average Home Value | $445,691 |
Housing Distribution
Address Breakdown
Residential
20,718
Single Family
4,192
Multi-Family
16,526
Businesses
1,720
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Listed by: Della Abtahi • Realty Associates
Mls Name: HAR
Mls Provider:
Mls ID: #39822131
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