1506 Wakefield DrHoustonTX77018
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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 1506 Wakefield Dr, Houston, TX, 77018 with 5% annual appreciation on a $1,275,000 basis while $9,635/mo rent supports operations. Total monthly income totals $9,635/mo and a $6,240/mo payment preserves $273/mo for cash returns. Annual cash flow comes to $3,281/yr on $413,100 deployed, and return on cash invested reaches 21.16% in year one. Equity gained on principal adds $8,227/yr, and five-year appreciation sums $352,259 alongside rental yield of 9.07%. Five-year ROI measures 111.02% and total cumulative return in cash totals $458,630.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $9,635/mo property income versus a $6,240/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
6,952 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77018, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,675 (100%) |
| Owner Occupied HU | 8,924 (65.3%) |
| Renter Occupied HU | 3,538 (25.9%) |
| Vacant Housing Units | 1,213 ( 8.9%) |
| Median Home Value | $532,852 |
| Average Home Value | $602,695 |
Housing Distribution
Address Breakdown
Residential
13,239
Single Family
10,993
Multi-Family
2,246
Businesses
1,362
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Listed by: Chris Lange • KSP
Mls Name: HAR
Mls Provider:
Mls ID: #74065342
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