11511 Lockgate LnHoustonTX77048
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 11511 Lockgate Ln, Houston, TX, 77048 generates $1,221/mo in rent and, after a $783/mo payment, leaves $40/mo in cash flow. Total monthly income is $1,221/mo, and annual cash flow is $483/yr on $53,040 invested. Return on cash invested sits at 20.82% in year one, and rental yield is 9.16% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 109.37% and total cumulative return in cash sums $58,010. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,221/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
5,719 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77048, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,242 (100%) |
| Owner Occupied HU | 4,953 (53.6%) |
| Renter Occupied HU | 3,499 (37.9%) |
| Vacant Housing Units | 790 ( 8.5%) |
| Median Home Value | $221,333 |
| Average Home Value | $259,997 |
Housing Distribution
Address Breakdown
Residential
8,553
Single Family
6,769
Multi-Family
1,784
Businesses
208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Victoria Testerman • Mainstay Brokerage, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #13630463
Disclaimer: Copyright 2025, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.