1515 Sandy Springs Rd APT 1903, Houston, TX, 77042 | $450/mo Cash Flow

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1515 Sandy Springs Rd APT 1903, Houston, TX, 77042 | $450/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Houston at 1515 Sandy Springs Rd APT 1903, Houston, TX, 77042 offers a 12.13% rental yield on a $150,000 purchase with $1,516/mo rent. Total monthly income registers $1,516/mo, and a $734/mo payment leaves $450/mo available for distribution. Annual cash flow reaches $5,394/yr on $49,725 to close, and return on cash invested stands at 30.76% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 162.28% and total cumulative return in cash at $80,694. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,516/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 1982

3.82 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to a Lynnbrook Manor Condo! Check out this 2-bed, 2-bath 2 story condo in a secure community in the heart of Westchase! This move-in ready unit features 9' ceilings, stylish wood-look vinyl floors, and an open-concept layout perfect for entertaining. The kitchen has quartz countertop for easy cleaning, washer/dryer closet for quick access, and a dishwasher, fridge, stove ready for you! Both bedrooms are generously sized with their own full bathroomsgreat for roommates, guests, or a home office setup. Step outside to your private fenced patio for a quiet escape or morning coffee. Major updates include A/C (2020) and roof (2021). Enjoy access to the community pool and proximity to Terry Hershey Park, Beltway 8, CityCentre, and tons of shopping, dining, and entertainment. Ideal for first-time buyers, professionals, or investors seeking a low-maintenance rental in a growing area. At a GREAT pricethis gem offers great value in a central location. Dont miss your chance to see it!

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