12940 Myrtle LnHoustonTX77015
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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 12940 Myrtle Ln, Houston, TX, 77015 uses $82,875 cash to close to unlock $2,794/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $2,011/mo, and a $1,224/mo payment keeps the spread at $233/mo. Purchase price stands at $250,000, and rental yield measures 9.65% with $2,011/mo rent. Return on cash invested shows 23.28% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 122.13% and total cumulative return in cash records $101,218. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,011/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77015, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,647 (100%) |
| Owner Occupied HU | 9,361 (47.6%) |
| Renter Occupied HU | 8,742 (44.5%) |
| Vacant Housing Units | 1,544 ( 7.9%) |
| Median Home Value | $189,541 |
| Average Home Value | $256,734 |
Housing Distribution
Address Breakdown
Residential
18,481
Single Family
13,759
Multi-Family
4,722
Businesses
1,566
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