1516 Bay Area Blvd E #10-E-10HoustonTX77058
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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 1516 Bay Area Blvd E #10-E-10, Houston, TX, 77058 offers a 14.83% rental yield on a $138,500 purchase with $1,712/mo rent. Total monthly income registers $1,712/mo, and a $678/mo payment leaves $258/mo available for distribution. Annual cash flow reaches $3,096/yr on $45,913 to close, and return on cash invested stands at 26.65% in year one. Equity gained on principal adds $894/yr while 5% annual appreciation supports $38,265 over five years. Portfolio math shows five-year ROI at 144.66% and total cumulative return in cash at $66,415. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,712/mo property income against a $678/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
7.75 Acres lot
$N/A/sqft
$469 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77058, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,594 (100%) |
| Owner Occupied HU | 3,382 (31.9%) |
| Renter Occupied HU | 6,079 (57.4%) |
| Vacant Housing Units | 1,133 (10.7%) |
| Median Home Value | $306,272 |
| Average Home Value | $351,134 |
Housing Distribution
Address Breakdown
Residential
10,791
Single Family
2,819
Multi-Family
7,972
Businesses
1,562
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Listed by: Antonio Fernandez • HomeSmart
Mls Name: HAR
Mls Provider:
Mls ID: #79630736
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