12403 Millvan DrHoustonTX77070
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 12403 Millvan Dr, Houston, TX, 77070 in Houston achieves 1.53, rent of $2,929/mo covers the $1,911/mo payment 1.5x over at $425,000. Rental yield 8.27%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $117,420 over five years, with $3,914/yr in principal reduction bringing total projected return to $156,863.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.2% |
| Monthly Cash Flow | $(131) | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,929 |
| Total Monthly Debt Service | $2,853 |
| DSCR Ratio | 1.03x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1998
7,792 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77070, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,485 (100%) |
| Owner Occupied HU | 10,944 (44.7%) |
| Renter Occupied HU | 11,655 (47.6%) |
| Vacant Housing Units | 1,886 ( 7.7%) |
| Median Home Value | $303,431 |
| Average Home Value | $367,052 |
Housing Distribution
Address Breakdown
Residential
23,896
Single Family
12,639
Multi-Family
11,257
Businesses
2,542
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1998
7,792 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77070, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,485 (100%) |
| Owner Occupied HU | 10,944 (44.7%) |
| Renter Occupied HU | 11,655 (47.6%) |
| Vacant Housing Units | 1,886 ( 7.7%) |
| Median Home Value | $303,431 |
| Average Home Value | $367,052 |
Housing Distribution
Address Breakdown
Residential
23,896
Single Family
12,639
Multi-Family
11,257
Businesses
2,542
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices