1214 Fairgate DrHoustonTX77094
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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 Fairgate Dr, Houston, TX, 77094 generates $4,931/mo in rent, after a $3,549/mo payment. Total monthly income is $4,931/mo. Return on cash invested sits at 18.93% in year one, and rental yield is 8.16% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 98.76% and total cumulative return in cash sums $235,565. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,931/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
8,864 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77094, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,808 (100%) |
| Owner Occupied HU | 2,751 (57.2%) |
| Renter Occupied HU | 1,823 (37.9%) |
| Vacant Housing Units | 234 ( 4.9%) |
| Median Home Value | $458,862 |
| Average Home Value | $508,566 |
Housing Distribution
Address Breakdown
Residential
3,813
Single Family
3,066
Multi-Family
747
Businesses
646
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