1401 Fairview Ave #CHoustonTX77006
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1401 Fairview Ave #C, Houston, TX, 77006 uses $190,491 cash to close to unlock $1,776/yr annual cash flow and $148/mo monthly cash flow. Total monthly income runs $4,333/mo, and a $2,834/mo payment keeps the spread at $148/mo. Purchase price stands at $579,000, and rental yield measures 8.98% with $4,333/mo rent. Return on cash invested shows 20.99% in year one, and 5% annual appreciation builds toward $159,967 over five years. Five-year ROI reaches 109.99% and total cumulative return in cash records $209,515. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,333/mo property income covering a $2,834/mo payment rather than investor’s personal income.
Single Family
Built in 2013
1,406 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77006, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,048 (100%) |
| Owner Occupied HU | 4,703 (29.3%) |
| Renter Occupied HU | 9,510 (59.3%) |
| Vacant Housing Units | 1,835 (11.4%) |
| Median Home Value | $584,748 |
| Average Home Value | $699,120 |
Housing Distribution
Address Breakdown
Residential
16,540
Single Family
7,006
Multi-Family
9,534
Businesses
1,141
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melina Ortiz-Guevara • Redfin Corporation
Mls Name: HAR
Mls Provider:
Mls ID: #34136865
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.