16002 La Avenida DrHoustonTX77062
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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
Investment property for sale in Houston at 16002 La Avenida Dr, Houston, TX, 77062 earns $8/mo cash flow from $1,851/mo rent with a $1,263/mo payment. Total monthly income totals $1,851/mo, and annual cash flow totals $96/yr on $85,527 capital. ROI tracks 20.02% on current figures, and rental yield reads 8.61% at a $258,000 purchase. Equity gained on principal adds $1,665/yr, and 5% annual appreciation supports $71,281 over five years. Five-year ROI reaches 104.75% and total cumulative return in cash sums $89,594. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,851/mo property income instead of your personal income.
Single Family
Built in 1970
0.28 Acres lot
$N/A/sqft
$97 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77062, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,548 (100%) |
| Owner Occupied HU | 7,170 (68.0%) |
| Renter Occupied HU | 2,928 (27.8%) |
| Vacant Housing Units | 450 ( 4.3%) |
| Median Home Value | $293,132 |
| Average Home Value | $335,346 |
Housing Distribution
Address Breakdown
Residential
10,001
Single Family
8,345
Multi-Family
1,656
Businesses
234
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Listed by: Claudia Parr • Coldwell Banker Realty - Houston Bay Area
Mls Name: HAR
Mls Provider:
Mls ID: #98400580
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