15710 Lake Iris DrHoustonTX77070
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
Rental property for sale in Houston at 15710 Lake Iris Dr, Houston, TX, 77070 offers $6,965/mo rent that, after a $4,381/mo payment, leaves $345/mo cash flow. Total monthly income is $6,965/mo, and annual cash flow is $4,139/yr on $294,455 cash. Return on cash invested measures 21.47% in year one, and rental yield stands at 9.34% at a $895,000 entry. Equity gained on principal adds $5,775/yr while 5% annual appreciation compounds into $247,272 by year five. Five-year ROI records 112.74% and total cumulative return in cash reaches $331,982. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,965/mo property income versus a $4,381/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
10,001 sqft lot
$N/A/sqft
$3,062 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shelly Porter • Compass RE Texas, LLC - Memorial
Mls Name: HAR
Mls Provider:
Mls ID: #22536765
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.