1605 Milby St #BHoustonTX77003
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 1605 Milby St #B, Houston, TX, 77003 generates $3,122/mo in rent and, after a $1,860/mo payment, leaves $420/mo in cash flow. Total monthly income is $3,122/mo, and annual cash flow is $5,036/yr on $125,968 invested. Return on cash invested sits at 23.91% in year one, and rental yield is 9.86% on a $379,995 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation builds toward $104,986 over five years. Five-year ROI reaches 125.49% and total cumulative return in cash sums $158,075. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,122/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
1,411 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77003, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,128 (100%) |
| Owner Occupied HU | 2,860 (35.2%) |
| Renter Occupied HU | 3,800 (46.8%) |
| Vacant Housing Units | 1,468 (18.1%) |
| Median Home Value | $374,465 |
| Average Home Value | $405,495 |
Housing Distribution
Address Breakdown
Residential
6,521
Single Family
4,577
Multi-Family
1,944
Businesses
763
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices