13031 Mills Creek Meadow DrHoustonTX77070
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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 13031 Mills Creek Meadow Dr, Houston, TX, 77070 offers a 10.49% rental yield on a $308,900 purchase with $2,701/mo rent. Total monthly income registers $2,701/mo, and a $1,512/mo payment leaves $504/mo available for distribution. Annual cash flow reaches $6,051/yr on $102,400 to close, and return on cash invested stands at 25.82% in year one. Equity gained on principal adds $1,993/yr while 5% annual appreciation supports $85,343 over five years. Portfolio math shows five-year ROI at 135.77% and total cumulative return in cash at $139,030. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,701/mo property income against a $1,512/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
3,859 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
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