137 Litchfield LnHoustonTX77024
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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 137 Litchfield Ln, Houston, TX, 77024 with 5% annual appreciation on a $307,700 basis while $2,768/mo rent supports operations. Total monthly income totals $2,768/mo and a $1,506/mo payment preserves $80/mo for cash returns. Annual cash flow comes to $959/yr on $102,003 deployed, and return on cash invested reaches 20.85% in year one. Equity gained on principal adds $1,986/yr, and five-year appreciation sums $85,012 alongside rental yield of 10.79%. Five-year ROI measures 111.21% and total cumulative return in cash totals $113,441.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,768/mo property income versus a $1,506/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1973
1,306 sqft lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77024, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,636 (100%) |
| Owner Occupied HU | 10,193 (54.7%) |
| Renter Occupied HU | 6,387 (34.3%) |
| Vacant Housing Units | 2,056 (11.0%) |
| Median Home Value | $1,152,422 |
| Average Home Value | $1,270,262 |
Housing Distribution
Address Breakdown
Residential
18,464
Single Family
8,893
Multi-Family
9,571
Businesses
2,413
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