12930 Iris Garden LnHoustonTX77044
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
Investment Highlights
Investment property for sale in Houston at 12930 Iris Garden Ln, Houston, TX, 77044 offers a 10.99% rental yield on a $265,000 purchase with $2,428/mo rent. Total monthly income registers $2,428/mo, and a $1,297/mo payment leaves $544/mo available for distribution. Annual cash flow reaches $6,523/yr on $87,848 to close, and return on cash invested stands at 27.33% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 143.88% and total cumulative return in cash at $126,399. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,428/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2011
2,626 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices