1500 Bay Area Blvd #420HoustonTX77058
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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 1500 Bay Area Blvd #420, Houston, TX, 77058 offers a 24.18% rental yield on a $118,000 purchase with $2,378/mo rent. Total monthly income registers $2,378/mo, and a $578/mo payment leaves $1,125/mo available for distribution. Annual cash flow reaches $13,505/yr on $39,117 to close, and return on cash invested stands at 54.43% in year one. Equity gained on principal adds $761/yr while 5% annual appreciation supports $32,601 over five years. Portfolio math shows five-year ROI at 293.87% and total cumulative return in cash at $114,951. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,378/mo property income against a $578/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1978
8.49 Acres lot
$N/A/sqft
$413 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77058, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,594 (100%) |
| Owner Occupied HU | 3,382 (31.9%) |
| Renter Occupied HU | 6,079 (57.4%) |
| Vacant Housing Units | 1,133 (10.7%) |
| Median Home Value | $306,272 |
| Average Home Value | $351,134 |
Housing Distribution
Address Breakdown
Residential
10,791
Single Family
2,819
Multi-Family
7,972
Businesses
1,562
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Listed by: Sammy Wang • Golden Key Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #85027320
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