14027 Fairgrove Ridge DrHoustonTX77045
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
Rental property for sale in Houston at 14027 Fairgrove Ridge Dr, Houston, TX, 77045 priced at $389,000 converts $4,483/mo rent into $1,666/mo cash flow after a $1,904/mo obligation. Total monthly income equals $4,483/mo, and annual cash flow totals $19,991/yr on $128,954 invested. Return on cash invested prints 35.41% in year one, and rental yield reads 13.83% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 187.34% and total cumulative return in cash sums $241,578. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,483/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 2010
8,123 sqft lot
$N/A/sqft
$610 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77045, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,692 (100%) |
| Owner Occupied HU | 6,933 (59.3%) |
| Renter Occupied HU | 4,164 (35.6%) |
| Vacant Housing Units | 595 ( 5.1%) |
| Median Home Value | $169,660 |
| Average Home Value | $221,768 |
Housing Distribution
Address Breakdown
Residential
11,871
Single Family
9,529
Multi-Family
2,342
Businesses
965
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracy Ostrofsky-King • Epique Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #59129506
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.