12002 Palmway StHoustonTX77034
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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 12002 Palmway St, Houston, TX, 77034 uses $56,355 cash to close to unlock $1,622/yr annual cash flow and $135/mo monthly cash flow. Total monthly income runs $1,344/mo, and a $832/mo payment keeps the spread at $135/mo. Purchase price stands at $170,000, and rental yield measures 9.49% with $1,344/mo rent. Return on cash invested shows 22.79% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 119.56% and total cumulative return in cash records $67,377. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,344/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1954
7,801 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77034, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,197 (100%) |
| Owner Occupied HU | 6,048 (45.8%) |
| Renter Occupied HU | 5,720 (43.3%) |
| Vacant Housing Units | 1,429 (10.8%) |
| Median Home Value | $217,337 |
| Average Home Value | $231,408 |
Housing Distribution
Address Breakdown
Residential
13,621
Single Family
7,438
Multi-Family
6,183
Businesses
1,234
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