1315 Reseda DrHoustonTX77062
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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 1315 Reseda Dr, Houston, TX, 77062 generates $4,572/mo in rent and, after a $1,782/mo payment, leaves $1,983/mo in cash flow. Total monthly income is $4,572/mo, and annual cash flow is $23,798/yr on $120,666 invested. Return on cash invested sits at 39.63% in year one, and rental yield is 15.07% on a $364,000 entry. Equity gained on principal adds $2,349/yr, while 5% annual appreciation builds toward $100,566 over five years. Five-year ROI reaches 209.84% and total cumulative return in cash sums $253,205. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,572/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77062, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,548 (100%) |
| Owner Occupied HU | 7,170 (68.0%) |
| Renter Occupied HU | 2,928 (27.8%) |
| Vacant Housing Units | 450 ( 4.3%) |
| Median Home Value | $293,132 |
| Average Home Value | $335,346 |
Housing Distribution
Address Breakdown
Residential
10,001
Single Family
8,345
Multi-Family
1,656
Businesses
234
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Listed by: Kathryn Mules Grant • Gulf Coast, Realtors
Mls Name: HAR
Mls Provider:
Mls ID: #37782758
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