1216 Glenmore DrPasadenaTX77503
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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 Pasadena at 1216 Glenmore Dr, Pasadena, TX, 77503 priced at $159,999 pairs $1,260/mo rent with $122/mo cash flow after a $783/mo payment. Total monthly income equals $1,260/mo, and annual cash flow comes to $1,468/yr on $53,040 invested. Return on cash invested is 22.68% in year one, and rental yield stands at 9.45% on a $159,999 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 118.96% and total cumulative return in cash reaches $63,097. For financing, Ziffy Mortgage’s DSCR program evaluates $1,260/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
7,318 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77503, Pasadena, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,114 (100%) |
| Owner Occupied HU | 4,458 (48.9%) |
| Renter Occupied HU | 4,023 (44.1%) |
| Vacant Housing Units | 633 ( 6.9%) |
| Median Home Value | $195,274 |
| Average Home Value | $270,564 |
Housing Distribution
Address Breakdown
Residential
8,690
Single Family
6,096
Multi-Family
2,594
Businesses
650
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Listed by: Nika Simpson • Quest Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #49083961
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