1215 Avenue ESouth HoustonTX77587
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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 South Houston at 1215 Avenue E, South Houston, TX, 77587 offers a 7.45% rental yield on a $410,000 purchase with $2,544/mo rent. 63% in year one. Equity gained on principal adds $2,646/yr while 5% annual appreciation supports $113,275 over five years. Portfolio math shows five-year ROI at 86.47% and total cumulative return in cash at $117,527. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,544/mo property income against a $2,007/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77587, South Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,305 (100%) |
| Owner Occupied HU | 2,708 (51.0%) |
| Renter Occupied HU | 2,214 (41.7%) |
| Vacant Housing Units | 383 ( 7.2%) |
| Median Home Value | $220,896 |
| Average Home Value | $255,766 |
Housing Distribution
Address Breakdown
Residential
5,116
Single Family
3,965
Multi-Family
1,151
Businesses
966
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Listed by: Jose Novoa Fernandez • RE/MAX Fine Properties SE
Mls Name: HAR
Mls ID: #46225621