1306 Devon Glen DrHoustonTX77077
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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 1306 Devon Glen Dr, Houston, TX, 77077 offers a 10.23% rental yield on a $699,000 purchase with $5,957/mo rent. Total monthly income registers $5,957/mo, and a $3,421/mo payment leaves $904/mo available for distribution. Annual cash flow reaches $10,847/yr on $229,971 to close, and return on cash invested stands at 24.78% in year one. Equity gained on principal adds $4,511/yr while 5% annual appreciation supports $193,121 over five years. Portfolio math shows five-year ROI at 130.28% and total cumulative return in cash at $299,606. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,957/mo property income against a $3,421/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.30 Acres lot
$N/A/sqft
$992 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77077, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,203 (100%) |
| Owner Occupied HU | 10,197 (34.9%) |
| Renter Occupied HU | 16,666 (57.1%) |
| Vacant Housing Units | 2,340 ( 8.0%) |
| Median Home Value | $386,362 |
| Average Home Value | $454,304 |
Housing Distribution
Address Breakdown
Residential
30,466
Single Family
10,107
Multi-Family
20,359
Businesses
1,724
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Listed by: James Krueger • Corcoran Prestige Realty
Mls Name: HAR
Mls Provider:
Mls ID: #26946532
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