14623 Lorne DrHoustonTX77049
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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
Investment property for sale in Houston at 14623 Lorne Dr, Houston, TX, 77049 uses $72,930 cash to close to unlock $1,084/yr annual cash flow and $90/mo monthly cash flow. Total monthly income runs $1,655/mo, and a $1,077/mo payment keeps the spread at $90/mo. Purchase price stands at $220,000, and rental yield measures 9.03% with $1,655/mo rent. Return on cash invested shows 21.4% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 112.07% and total cumulative return in cash records $81,731. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,655/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1978
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77049, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,210 (100%) |
| Owner Occupied HU | 8,143 (61.6%) |
| Renter Occupied HU | 4,292 (32.5%) |
| Vacant Housing Units | 775 ( 5.9%) |
| Median Home Value | $241,202 |
| Average Home Value | $295,661 |
Housing Distribution
Address Breakdown
Residential
13,446
Single Family
9,892
Multi-Family
3,554
Businesses
597
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