16022 Cavendish DrHoustonTX77059
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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 16022 Cavendish Dr, Houston, TX, 77059 offers a 10.12% rental yield on a $295,000 purchase with $2,489/mo rent. Total monthly income registers $2,489/mo, and a $1,444/mo payment leaves $349/mo available for distribution. Annual cash flow reaches $4,193/yr on $97,793 to close, and return on cash invested stands at 24.2% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 127.25% and total cumulative return in cash at $124,442. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,489/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
7,840 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77059, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,752 (100%) |
| Owner Occupied HU | 5,727 (84.8%) |
| Renter Occupied HU | 862 (12.8%) |
| Vacant Housing Units | 163 ( 2.4%) |
| Median Home Value | $390,826 |
| Average Home Value | $433,427 |
Housing Distribution
Address Breakdown
Residential
6,722
Single Family
6,470
Multi-Family
252
Businesses
103
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Listed by: Steven Koleno • Beycome Brokerage Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #32208315
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