11711 Memorial Dr APT 272HoustonTX77024
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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 11711 Memorial Dr APT 272, Houston, TX, 77024 uses $77,206 cash to close to unlock $4,341/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $2,581/mo, and a $1,140/mo payment keeps the spread at $362/mo. Purchase price stands at $232,900, and rental yield measures 13.3% with $2,581/mo rent. Return on cash invested shows 25.53% in year one, and 5% annual appreciation builds toward $64,346 over five years. Five-year ROI reaches 137.39% and total cumulative return in cash records $106,073. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,581/mo property income covering a $1,140/mo payment rather than investor’s personal income.
Condo
Built in 1977
6.32 Acres lot
$N/A/sqft
$563 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: Sarah Herbek • Coldwell Banker Realty - Memorial Office
Mls Name: HAR
Mls Provider:
Mls ID: #92366087
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