117 Reading Ave NCenter PtTX78010
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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 Center Pt at 117 Reading Ave N, Center Pt, TX, 78010 offers $1,200/mo rent that, after a $1,317/mo payment. Total monthly income is $1,200/mo. Return on cash invested measures 10.31% in year one, and rental yield stands at 5.35% at a $269,000 entry. Equity gained on principal adds $1,736/yr while 5% annual appreciation compounds into $74,320 by year five. Five-year ROI records 52.58% and total cumulative return in cash reaches $46,883. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,200/mo property income versus a $1,317/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78010, Center Point, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,533 (100%) |
| Owner Occupied HU | 1,041 (67.9%) |
| Renter Occupied HU | 294 (19.2%) |
| Vacant Housing Units | 198 (12.9%) |
| Median Home Value | $366,009 |
| Average Home Value | $610,776 |
Housing Distribution
Address Breakdown
Residential
1,091
Single Family
1,091
Multi-Family
0
Businesses
95
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