1506 Locklaine DrPasadenaTX77502
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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 Pasadena at 1506 Locklaine Dr, Pasadena, TX, 77502 offers a 18.77% rental yield on a $190,000 purchase with $2,972/mo rent. Total monthly income registers $2,972/mo, and a $930/mo payment leaves $1,621/mo available for distribution. Annual cash flow reaches $19,450/yr on $62,985 to close, and return on cash invested stands at 50.79% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 269.65% and total cumulative return in cash at $169,836. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,972/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
7,313 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77502, Pasadena, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,260 (100%) |
| Owner Occupied HU | 6,980 (56.9%) |
| Renter Occupied HU | 4,498 (36.7%) |
| Vacant Housing Units | 782 ( 6.4%) |
| Median Home Value | $199,048 |
| Average Home Value | $215,271 |
Housing Distribution
Address Breakdown
Residential
12,039
Single Family
8,616
Multi-Family
3,423
Businesses
1,145
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Listed by: Claudia Pizano • NB Elite Realty
Mls Name: HAR
Mls Provider:
Mls ID: #84126128
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