11711 Memorial Dr APT 253HoustonTX77024
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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 Houston at 11711 Memorial Dr APT 253, Houston, TX, 77024 generates $2,196/mo in rent and, after a $1,140/mo payment, leaves $39/mo in cash flow. Total monthly income is $2,196/mo, and annual cash flow is $465/yr on $77,206 invested. Return on cash invested sits at 20.51% in year one, and rental yield is 11.31% on a $232,900 entry. Equity gained on principal adds $1,503/yr, while 5% annual appreciation builds toward $64,346 over five years. Five-year ROI reaches 110.11% and total cumulative return in cash sums $85,013. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,196/mo property income rather than buyer’s personal income.
Condo
Built in 1977
6.49 Acres lot
$N/A/sqft
$501 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77024, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,636 (100%) |
| Owner Occupied HU | 10,193 (54.7%) |
| Renter Occupied HU | 6,387 (34.3%) |
| Vacant Housing Units | 2,056 (11.0%) |
| Median Home Value | $1,152,422 |
| Average Home Value | $1,270,262 |
Housing Distribution
Address Breakdown
Residential
18,464
Single Family
8,893
Multi-Family
9,571
Businesses
2,413
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Listed by: Lynn Elbert • Sekaly Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #17960359
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