1407 Avenue ISouth HoustonTX77587
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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 South Houston at 1407 Avenue I, South Houston, TX, 77587 generates $1,968/mo in rent, after a $2,007/mo payment. Total monthly income is $1,968/mo. Return on cash invested sits at 11.54% in year one, and rental yield is 5.76% on a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 59.2% and total cumulative return in cash sums $80,459. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,968/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77587, South Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,305 (100%) |
| Owner Occupied HU | 2,708 (51.0%) |
| Renter Occupied HU | 2,214 (41.7%) |
| Vacant Housing Units | 383 ( 7.2%) |
| Median Home Value | $220,896 |
| Average Home Value | $255,766 |
Housing Distribution
Address Breakdown
Residential
5,116
Single Family
3,965
Multi-Family
1,151
Businesses
966
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Listed by: Santa Creado • RE/MAX Pearland
Mls Name: HAR
Mls ID: #73655736