1518 Lehman StHoustonTX77018
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 1518 Lehman St, Houston, TX, 77018 uses $292,777 cash to close to unlock $6,950/yr annual cash flow and $579/mo monthly cash flow. Total monthly income runs $6,914/mo, and a $4,356/mo payment keeps the spread at $579/mo. Purchase price stands at $889,900, and rental yield measures 9.32% with $6,914/mo rent. Return on cash invested shows 22.43% in year one, and 5% annual appreciation builds toward $245,863 over five years. Five-year ROI reaches 117.59% and total cumulative return in cash records $344,265. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,914/mo property income covering a $4,356/mo payment rather than investor’s personal income.
Single Family
Built in 1957
9,282 sqft lot
$N/A/sqft
$75 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hussein Hussein • Nextgen Real Estate Properties
Mls Name: HAR
Mls Provider:
Mls ID: #57081512
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.