12823 Northchase Ridge LnHoustonTX77044
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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 12823 Northchase Ridge Ln, Houston, TX, 77044 generates $2,230/mo in rent and, after a $532/mo payment, leaves $1,431/mo in cash flow. Total monthly income is $2,230/mo, and annual cash flow is $17,175/yr on $36,001 invested. Return on cash invested sits at 67.62% in year one, and rental yield is 24.64% on a $108,600 entry. Equity gained on principal adds $701/yr, while 5% annual appreciation builds toward $30,004 over five years. Five-year ROI reaches 360.3% and total cumulative return in cash sums $129,712. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,230/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
5,488 sqft lot
$N/A/sqft
$26 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77044, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,104 (100%) |
| Owner Occupied HU | 14,332 (71.3%) |
| Renter Occupied HU | 4,865 (24.2%) |
| Vacant Housing Units | 907 ( 4.5%) |
| Median Home Value | $310,214 |
| Average Home Value | $341,856 |
Housing Distribution
Address Breakdown
Residential
19,641
Single Family
17,196
Multi-Family
2,445
Businesses
525
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