1308 Hughes StHoustonTX77023
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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
Rental property for sale in Houston at 1308 Hughes St, Houston, TX, 77023 offers $1,122/mo rent that, after a $3,793/mo payment. Total monthly income is $1,122/mo. Return on cash invested measures -0.6% in year one, and rental yield stands at 1.74% at a $775,000 entry. Equity gained on principal adds $5,001/yr while 5% annual appreciation compounds into $214,118 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,122/mo property income versus a $3,793/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77023, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,449 (100%) |
| Owner Occupied HU | 4,708 (41.1%) |
| Renter Occupied HU | 5,593 (48.9%) |
| Vacant Housing Units | 1,148 (10.0%) |
| Median Home Value | $327,051 |
| Average Home Value | $347,036 |
Housing Distribution
Address Breakdown
Residential
10,991
Single Family
8,014
Multi-Family
2,977
Businesses
945
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Listed by: Ashli Young • Martha Turner Sotheby's International Realty
Mls Name: HAR
Mls Provider:
Mls ID: #61316749
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