13034 Mills Grove DrHoustonTX77070
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 13034 Mills Grove Dr, Houston, TX, 77070 uses $109,395 cash to close to unlock $25,100/yr annual cash flow and $2,092/mo monthly cash flow. Total monthly income runs $4,484/mo, and a $1,615/mo payment keeps the spread at $2,092/mo. Purchase price stands at $330,000, and rental yield measures 16.31% with $4,484/mo rent. Return on cash invested shows 42.85% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 227.26% and total cumulative return in cash records $248,615. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,484/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 2020
3,876 sqft lot
$N/A/sqft
$550 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandy Hernandez • Keller Williams Realty Professionals
Mls Name: HAR
Mls Provider:
Mls ID: #90589246
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.