1229 Ripple Creek DrHoustonTX77057
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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 1229 Ripple Creek Dr, Houston, TX, 77057 priced at $844,500 converts $6,196/mo rent into after a $4,133/mo obligation. Total monthly income equals $6,196/mo. Return on cash invested prints 19.21% in year one, and rental yield reads 8.8% against a $844,500 entry. Equity gained on principal adds $5,449/yr, while 5% annual appreciation compiles into $233,320 by year five. Five-year ROI reaches 100.9% and total cumulative return in cash sums $280,331. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,196/mo property income covering a $4,133/mo payment, not borrower’s personal income.
Single Family
Built in 1998
5,161 sqft lot
$N/A/sqft
$4,650 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77057, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,665 (100%) |
| Owner Occupied HU | 7,302 (29.6%) |
| Renter Occupied HU | 14,773 (59.9%) |
| Vacant Housing Units | 2,590 (10.5%) |
| Median Home Value | $433,587 |
| Average Home Value | $626,740 |
Housing Distribution
Address Breakdown
Residential
24,132
Single Family
5,548
Multi-Family
18,584
Businesses
2,720
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Listed by: Colette Clift Mayers • Keller Williams Memorial
Mls Name: HAR
Mls Provider:
Mls ID: #41928509
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