1206 Fairbanks StHoustonTX77009
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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 1206 Fairbanks St, Houston, TX, 77009 offers a 11.45% rental yield on a $338,000 purchase with $3,226/mo rent. Total monthly income registers $3,226/mo, and a $1,654/mo payment leaves $823/mo available for distribution. Annual cash flow reaches $9,873/yr on $112,047 to close, and return on cash invested stands at 28.72% in year one. Equity gained on principal adds $2,181/yr while 5% annual appreciation supports $93,383 over five years. Portfolio math shows five-year ROI at 151.31% and total cumulative return in cash at $169,538. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,226/mo property income against a $1,654/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77009, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,523 (100%) |
| Owner Occupied HU | 8,741 (47.2%) |
| Renter Occupied HU | 7,637 (41.2%) |
| Vacant Housing Units | 2,145 (11.6%) |
| Median Home Value | $456,534 |
| Average Home Value | $535,539 |
Housing Distribution
Address Breakdown
Residential
17,392
Single Family
13,992
Multi-Family
3,400
Businesses
1,035
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