11618 Gullwood DrHoustonTX77089
Nearby investment properties with comparable rents
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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 11618 Gullwood Dr, Houston, TX, 77089 uses $62,952 cash to close to unlock $1,242/yr annual cash flow and $103/mo monthly cash flow. Total monthly income runs $1,488/mo, and a $929/mo payment keeps the spread at $103/mo. Purchase price stands at $189,900, and rental yield measures 9.4% with $1,488/mo rent. Return on cash invested shows 21.88% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 114.91% and total cumulative return in cash records $72,341. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,488/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1983
4,242 sqft lot
$N/A/sqft
$415 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77089, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,319 (100%) |
| Owner Occupied HU | 13,025 (67.4%) |
| Renter Occupied HU | 5,404 (28.0%) |
| Vacant Housing Units | 890 ( 4.6%) |
| Median Home Value | $271,918 |
| Average Home Value | $299,359 |
Housing Distribution
Address Breakdown
Residential
19,373
Single Family
15,205
Multi-Family
4,168
Businesses
689
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Listed by: Jenifer Somich • RE/MAX Space Center
Mls Name: HAR
Mls Provider:
Mls ID: #10849618
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