11983 Steamboat Springs DrHoustonTX77067
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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 11983 Steamboat Springs Dr, Houston, TX, 77067 offers a 12.3% rental yield on a $206,500 purchase with $2,116/mo rent. Total monthly income registers $2,116/mo, and a $1,011/mo payment leaves $647/mo available for distribution. Annual cash flow reaches $7,767/yr on $68,455 to close, and return on cash invested stands at 31.26% in year one. Equity gained on principal adds $1,333/yr while 5% annual appreciation supports $57,052 over five years. Portfolio math shows five-year ROI at 164.95% and total cumulative return in cash at $112,917. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,116/mo property income against a $1,011/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77067, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,363 (100%) |
| Owner Occupied HU | 4,473 (43.2%) |
| Renter Occupied HU | 5,243 (50.6%) |
| Vacant Housing Units | 647 ( 6.2%) |
| Median Home Value | $211,846 |
| Average Home Value | $237,013 |
Housing Distribution
Address Breakdown
Residential
10,590
Single Family
5,689
Multi-Family
4,901
Businesses
642
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