16130 Canaridge DrHoustonTX77053
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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 16130 Canaridge Dr, Houston, TX, 77053 uses $74,588 cash to close to unlock $3,759/yr annual cash flow and $313/mo monthly cash flow. Total monthly income runs $1,913/mo, and a $1,101/mo payment keeps the spread at $313/mo. Purchase price stands at $225,000, and rental yield measures 10.2% with $1,913/mo rent. Return on cash invested shows 24.95% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 131.12% and total cumulative return in cash records $97,797. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,913/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1984
4,281 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77053, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,864 (100%) |
| Owner Occupied HU | 6,460 (65.5%) |
| Renter Occupied HU | 3,146 (31.9%) |
| Vacant Housing Units | 258 ( 2.6%) |
| Median Home Value | $172,252 |
| Average Home Value | $231,531 |
Housing Distribution
Address Breakdown
Residential
9,800
Single Family
9,415
Multi-Family
385
Businesses
369
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