16111 Aspenglenn Dr APT 404HoustonTX77084
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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 16111 Aspenglenn Dr APT 404, Houston, TX, 77084 generates $815/mo in rent, after a $509/mo payment. Total monthly income is $815/mo. Return on cash invested sits at 13.62% in year one, and rental yield is 9.4% on a $104,000 entry. Equity gained on principal adds $671/yr, while 5% annual appreciation builds toward $28,733 over five years. Five-year ROI reaches 73.69% and total cumulative return in cash sums $25,404. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $815/mo property income rather than buyer’s personal income.
Condo
Built in 1982
3.80 Acres lot
$N/A/sqft
$256 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77084, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 44,024 (100%) |
| Owner Occupied HU | 22,771 (51.7%) |
| Renter Occupied HU | 18,145 (41.2%) |
| Vacant Housing Units | 3,108 ( 7.1%) |
| Median Home Value | $272,729 |
| Average Home Value | $304,445 |
Housing Distribution
Address Breakdown
Residential
40,315
Single Family
27,843
Multi-Family
12,472
Businesses
2,662
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Listed by: Stacey Merchant • Martha Turner Sotheby's International Realty
Mls Name: HAR
Mls Provider:
Mls ID: #18715199
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