11835 Elkington CtHoustonTX77071
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 11835 Elkington Ct, Houston, TX, 77071 offers $4,631/mo rent that, after a $1,681/mo payment, leaves $2,136/mo cash flow. Total monthly income is $4,631/mo, and annual cash flow is $25,627/yr on $113,879 cash. Return on cash invested measures 42.41% in year one, and rental yield stands at 16.18% at a $343,525 entry. Equity gained on principal adds $2,217/yr while 5% annual appreciation compounds into $94,910 by year five. Five-year ROI records 224.93% and total cumulative return in cash reaches $256,149. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,631/mo property income versus a $1,681/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
4,996 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77071, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,132 (100%) |
| Owner Occupied HU | 5,330 (52.6%) |
| Renter Occupied HU | 4,280 (42.2%) |
| Vacant Housing Units | 522 ( 5.2%) |
| Median Home Value | $273,063 |
| Average Home Value | $307,273 |
Housing Distribution
Address Breakdown
Residential
10,557
Single Family
6,009
Multi-Family
4,548
Businesses
453
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Grace Akpaffiong • Triad One Realty
Mls Name: HAR
Mls Provider:
Mls ID: #19001517
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.