1214 Bingham StHoustonTX77007
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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
Rental property for sale in Houston at 1214 Bingham St, Houston, TX, 77007 generates $5,954/mo in rent and, after a $3,010/mo payment, leaves $1,581/mo in cash flow. Total monthly income is $5,954/mo, and annual cash flow is $18,969/yr on $202,335 invested. Return on cash invested sits at 29.44% in year one, and rental yield is 11.62% on a $615,000 entry. Equity gained on principal adds $3,969/yr, while 5% annual appreciation builds toward $169,913 over five years. Five-year ROI reaches 155.1% and total cumulative return in cash sums $313,829. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,954/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
3,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77007, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,945 (100%) |
| Owner Occupied HU | 11,105 (37.1%) |
| Renter Occupied HU | 16,284 (54.4%) |
| Vacant Housing Units | 2,556 ( 8.5%) |
| Median Home Value | $494,222 |
| Average Home Value | $609,203 |
Housing Distribution
Address Breakdown
Residential
30,067
Single Family
14,688
Multi-Family
15,379
Businesses
2,062
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Listed by: Leslie Buratti • Martha Turner Sotheby's International Realty - Bay Area
Mls Name: HAR
Mls Provider:
Mls ID: #20353931
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