1316 Carpenter AvePasadenaTX77502
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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 Pasadena at 1316 Carpenter Ave, Pasadena, TX, 77502 generates $3,137/mo in rent and, after a $1,810/mo payment, leaves $507/mo in cash flow. Total monthly income is $3,137/mo, and annual cash flow is $6,085/yr on $122,622 invested. Return on cash invested sits at 24.87% in year one, and rental yield is 10.18% on a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 130.69% and total cumulative return in cash sums $160,258. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,137/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
9,417 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77502, Pasadena, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,260 (100%) |
| Owner Occupied HU | 6,980 (56.9%) |
| Renter Occupied HU | 4,498 (36.7%) |
| Vacant Housing Units | 782 ( 6.4%) |
| Median Home Value | $199,048 |
| Average Home Value | $215,271 |
Housing Distribution
Address Breakdown
Residential
12,039
Single Family
8,616
Multi-Family
3,423
Businesses
1,145
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