1500 Sandy Springs Rd APT 24HoustonTX77042
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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 Sandy Springs Rd APT 24, Houston, TX, 77042 uses $52,841 cash to close to unlock $11,351/yr annual cash flow and $946/mo monthly cash flow. Total monthly income runs $2,467/mo, and a $780/mo payment keeps the spread at $946/mo. Purchase price stands at $159,400, and rental yield measures 18.57% with $2,467/mo rent. Return on cash invested shows 41.39% in year one, and 5% annual appreciation builds toward $44,039 over five years. Five-year ROI reaches 222.43% and total cumulative return in cash records $117,533. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,467/mo property income covering a $780/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$275 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77042, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,063 (100%) |
| Owner Occupied HU | 4,722 (19.6%) |
| Renter Occupied HU | 16,302 (67.7%) |
| Vacant Housing Units | 3,039 (12.6%) |
| Median Home Value | $397,155 |
| Average Home Value | $445,691 |
Housing Distribution
Address Breakdown
Residential
20,718
Single Family
4,192
Multi-Family
16,526
Businesses
1,720
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