1607 Ovid StHoustonTX77007
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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 1607 Ovid St, Houston, TX, 77007 with 5% annual appreciation on a $640,000 basis while $4,942/mo rent supports operations. Total monthly income totals $4,942/mo and a $3,132/mo payment preserves $391/mo for cash returns. Annual cash flow comes to $4,696/yr on $210,560 deployed, and return on cash invested reaches 22.29% in year one. Equity gained on principal adds $4,130/yr, and five-year appreciation sums $176,820 alongside rental yield of 9.27%. Five-year ROI measures 116.81% and total cumulative return in cash totals $245,946.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,942/mo property income versus a $3,132/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2015
1,860 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77007, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,945 (100%) |
| Owner Occupied HU | 11,105 (37.1%) |
| Renter Occupied HU | 16,284 (54.4%) |
| Vacant Housing Units | 2,556 ( 8.5%) |
| Median Home Value | $494,222 |
| Average Home Value | $609,203 |
Housing Distribution
Address Breakdown
Residential
30,067
Single Family
14,688
Multi-Family
15,379
Businesses
2,062
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Listed by: Andrea Curran • Compass RE Texas, LLC - Memorial
Mls Name: HAR
Mls Provider:
Mls ID: #12926108
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