12303 Cobblestone DrHoustonTX77024
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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 Houston at 12303 Cobblestone Dr, Houston, TX, 77024 listed at $1,449,700 pairs $7,544/mo rent with a $7,096/mo payment. Total monthly income runs $7,544/mo. Return on cash invested measures 13.24% in year one, and rental yield registers 6.24% at a $1,449,700 basis. Equity gained on principal adds $9,355/yr, and annual property appreciation at 5% supports $400,525 by year five. Five-year ROI tracks 68.25% and total cumulative return in cash totals $320,555. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,544/mo property income relative to a $7,096/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
0.25 Acres lot
$N/A/sqft
$25 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77024, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,636 (100%) |
| Owner Occupied HU | 10,193 (54.7%) |
| Renter Occupied HU | 6,387 (34.3%) |
| Vacant Housing Units | 2,056 (11.0%) |
| Median Home Value | $1,152,422 |
| Average Home Value | $1,270,262 |
Housing Distribution
Address Breakdown
Residential
18,464
Single Family
8,893
Multi-Family
9,571
Businesses
2,413
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