15614 Lake Iris DrHoustonTX77070
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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
Rental property for sale in Houston at 15614 Lake Iris Dr, Houston, TX, 77070 generates $6,917/mo in rent and, after a $4,038/mo payment, leaves $1,050/mo in cash flow. Total monthly income is $6,917/mo, and annual cash flow is $12,603/yr on $271,425 invested. Return on cash invested sits at 24.7% in year one, and rental yield is 10.06% on a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 129.75% and total cumulative return in cash sums $352,161. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,917/mo property income rather than buyer’s personal income.
Single Family
Built in 2012
9,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77070, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,485 (100%) |
| Owner Occupied HU | 10,944 (44.7%) |
| Renter Occupied HU | 11,655 (47.6%) |
| Vacant Housing Units | 1,886 ( 7.7%) |
| Median Home Value | $303,431 |
| Average Home Value | $367,052 |
Housing Distribution
Address Breakdown
Residential
23,896
Single Family
12,639
Multi-Family
11,257
Businesses
2,542
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