16022 Craighurst 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
Rental property for sale in Houston at 16022 Craighurst Dr, Houston, TX, 77059 offers $7,006/mo rent that, after a $2,863/mo payment, leaves $2,800/mo cash flow. Total monthly income is $7,006/mo, and annual cash flow is $33,595/yr on $192,465 cash. Return on cash invested measures 37.52% in year one, and rental yield stands at 14.37% at a $585,000 entry. Equity gained on principal adds $3,775/yr while 5% annual appreciation compounds into $161,625 by year five. Five-year ROI records 198.55% and total cumulative return in cash reaches $382,146. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,006/mo property income versus a $2,863/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
10,219 sqft lot
$N/A/sqft
$560 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: Lindsay Froeschl • Steadfast Real Estate Group
Mls Name: HAR
Mls Provider:
Mls ID: #4189530
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