1507 Elgin StHoustonTX77004
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1507 Elgin St, Houston, TX, 77004 at $499,000 posts ROI 23% with $426/mo cash flow from $4,156/mo rent. Total monthly income equals $4,156/mo, and annual cash flow records $5,110/yr on $165,419 to close. Return on cash invested measures 23% and rental yield reads 9.99% at the current $499,000. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,865 by year five. Five-year ROI prints 121.09% and total cumulative return in cash totals $200,298.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,156/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2022
1,813 sqft lot
$N/A/sqft
$2,185 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77004, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,427 (100%) |
| Owner Occupied HU | 5,165 (26.6%) |
| Renter Occupied HU | 10,836 (55.8%) |
| Vacant Housing Units | 3,426 (17.6%) |
| Median Home Value | $411,742 |
| Average Home Value | $446,849 |
Housing Distribution
Address Breakdown
Residential
17,148
Single Family
10,181
Multi-Family
6,967
Businesses
1,153
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Nearby investment properties with comparable prices
Listed by: Margo Rasch • David Ivy Group LLC
Mls Name: HAR
Mls Provider:
Mls ID: #32352072
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