11711 Memorial Dr APT 55HoustonTX77024
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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 55, Houston, TX, 77024 uses $59,670 cash to close to unlock $864/yr annual cash flow and $72/mo monthly cash flow. Total monthly income runs $1,352/mo, and a $881/mo payment keeps the spread at $72/mo. Purchase price stands at $180,000, and rental yield measures 9.01% with $1,352/mo rent. Return on cash invested shows 21.36% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 111.78% and total cumulative return in cash records $66,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,352/mo property income covering a $881/mo payment rather than investor’s personal income.
Townhouse
Built in 1977
6.32 Acres lot
$N/A/sqft
No 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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