15715 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 15715 Lake Iris Dr, Houston, TX, 77070 priced at $775,000 converts $6,019/mo rent into $253/mo cash flow after a $3,793/mo obligation. Total monthly income equals $6,019/mo, and annual cash flow totals $3,035/yr on $254,975 invested. Return on cash invested prints 21.25% in year one, and rental yield reads 9.32% against a $775,000 entry. Equity gained on principal adds $5,001/yr, while 5% annual appreciation compiles into $214,118 by year five. Five-year ROI reaches 111.65% and total cumulative return in cash sums $284,683. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,019/mo property income covering a $3,793/mo payment, not borrower’s personal income.
Single Family
Built in 2007
8,860 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: Tan Pham • Houston Realty
Mls Name: HAR
Mls Provider:
Mls ID: #11600291
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.