1403 Patterson StHoustonTX77007
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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 1403 Patterson St, Houston, TX, 77007 offers $5,528/mo rent that, after a $2,440/mo payment, leaves $1,854/mo cash flow. Total monthly income is $5,528/mo, and annual cash flow is $22,249/yr on $165,286 cash. Return on cash invested measures 33.37% in year one, and rental yield stands at 13.3% at a $498,600 entry. Equity gained on principal adds $3,217/yr while 5% annual appreciation compounds into $137,754 by year five. Five-year ROI records 176.6% and total cumulative return in cash reaches $291,888. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,528/mo property income versus a $2,440/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
1,459 sqft lot
$N/A/sqft
$1,544 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77007, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,945 (100%) |
| Owner Occupied HU | 11,105 (37.1%) |
| Renter Occupied HU | 16,284 (54.4%) |
| Vacant Housing Units | 2,556 ( 8.5%) |
| Median Home Value | $494,222 |
| Average Home Value | $609,203 |
Housing Distribution
Address Breakdown
Residential
30,067
Single Family
14,688
Multi-Family
15,379
Businesses
2,062
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Listed by: William Haley • Coton House
Mls Name: HAR
Mls Provider:
Mls ID: #36204517
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