12830 Covey LnHoustonTX77099
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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 12830 Covey Ln, Houston, TX, 77099 priced at $299,800 converts $4,764/mo rent into $2,612/mo cash flow after a $1,467/mo obligation. Total monthly income equals $4,764/mo, and annual cash flow totals $31,339/yr on $99,384 invested. Return on cash invested prints 51.44% in year one, and rental yield reads 19.07% against a $299,800 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,829 by year five. Five-year ROI reaches 273.25% and total cumulative return in cash sums $271,569. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,764/mo property income covering a $1,467/mo payment, not borrower’s personal income.
Single Family
Built in 1975
7,474 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77099, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,112 (100%) |
| Owner Occupied HU | 6,620 (38.7%) |
| Renter Occupied HU | 9,454 (55.2%) |
| Vacant Housing Units | 1,038 ( 6.1%) |
| Median Home Value | $195,067 |
| Average Home Value | $263,096 |
Housing Distribution
Address Breakdown
Residential
17,536
Single Family
7,807
Multi-Family
9,729
Businesses
1,447
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Listed by: Billy Martinez • HomeSmart
Mls Name: HAR
Mls Provider:
Mls ID: #26812631
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