11706 Palmsprings DrHoustonTX77034
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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 11706 Palmsprings Dr, Houston, TX, 77034 offers a 10.23% rental yield on a $309,000 purchase with $2,635/mo rent. Total monthly income registers $2,635/mo, and a $1,512/mo payment leaves $438/mo available for distribution. Annual cash flow reaches $5,257/yr on $102,434 to close, and return on cash invested stands at 25.04% in year one. Equity gained on principal adds $1,994/yr while 5% annual appreciation supports $85,371 over five years. Portfolio math shows five-year ROI at 131.61% and total cumulative return in cash at $134,813. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,635/mo property income against a $1,512/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77034, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,197 (100%) |
| Owner Occupied HU | 6,048 (45.8%) |
| Renter Occupied HU | 5,720 (43.3%) |
| Vacant Housing Units | 1,429 (10.8%) |
| Median Home Value | $217,337 |
| Average Home Value | $231,408 |
Housing Distribution
Address Breakdown
Residential
13,621
Single Family
7,438
Multi-Family
6,183
Businesses
1,234
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Listed by: Michael Borrel • Keller Williams Memorial
Mls Name: HAR
Mls Provider:
Mls ID: #47099883
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