1606 Carmel GrvHoustonTX77073
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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 1606 Carmel Grv, Houston, TX, 77073 listed at $279,800 pairs $2,054/mo rent with a $1,369/mo payment to leave $65/mo cash flow. Total monthly income runs $2,054/mo, and annual cash flow reaches $777/yr on $92,754 cash to close. Return on cash invested measures 20.75% in year one, and rental yield registers 8.81% at a $279,800 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,304 by year five. Five-year ROI tracks 108.54% and total cumulative return in cash totals $100,674. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,054/mo property income relative to a $1,369/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2013
5,231 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77073, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,781 (100%) |
| Owner Occupied HU | 8,928 (53.2%) |
| Renter Occupied HU | 6,564 (39.1%) |
| Vacant Housing Units | 1,289 ( 7.7%) |
| Median Home Value | $211,779 |
| Average Home Value | $253,934 |
Housing Distribution
Address Breakdown
Residential
14,839
Single Family
11,089
Multi-Family
3,750
Businesses
810
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