1516 Bay Area Blvd UNIT D-5HoustonTX77058
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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 1516 Bay Area Blvd UNIT D-5, Houston, TX, 77058 earns from $933/mo rent with a $563/mo payment. Total monthly income totals $933/mo. ROI tracks 8.77% on current figures, and rental yield reads 9.74% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 49.79% and total cumulative return in cash sums $18,981. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $933/mo property income instead of your personal income.
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: Trish Gibbs • Fathom Realty
Mls Name: HAR
Mls Provider:
Mls ID: #45563901
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