1423 Harrop AvePasadenaTX77506
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 Pasadena at 1423 Harrop Ave, Pasadena, TX, 77506 uses $59,173 cash to close to unlock $988/yr annual cash flow and $82/mo monthly cash flow. Total monthly income runs $1,352/mo, and a $874/mo payment keeps the spread at $82/mo. Purchase price stands at $178,500, and rental yield measures 9.09% with $1,352/mo rent. Return on cash invested shows 21.58% in year one, and 5% annual appreciation builds toward $49,316 over five years. Five-year ROI reaches 113.04% and total cumulative return in cash records $66,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,352/mo property income covering a $874/mo payment rather than investor’s personal income.
Single Family
Built in 1944
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77506, Pasadena, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,225 (100%) |
| Owner Occupied HU | 4,655 (38.1%) |
| Renter Occupied HU | 6,171 (50.5%) |
| Vacant Housing Units | 1,399 (11.4%) |
| Median Home Value | $144,768 |
| Average Home Value | $191,502 |
Housing Distribution
Address Breakdown
Residential
11,596
Single Family
7,029
Multi-Family
4,567
Businesses
640
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices