1614 Palmwood DrPasadenaTX77502
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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 Pasadena at 1614 Palmwood Dr, Pasadena, TX, 77502 offers $1,219/mo rent that, after a $753/mo payment, leaves $125/mo cash flow. Total monthly income is $1,219/mo, and annual cash flow is $1,498/yr on $51,018 cash. Return on cash invested measures 22.85% in year one, and rental yield stands at 9.5% at a $153,900 entry. Equity gained on principal adds $993/yr while 5% annual appreciation compounds into $42,520 by year five. Five-year ROI records 119.83% and total cumulative return in cash reaches $61,134. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,219/mo property income versus a $753/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77502, Pasadena, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,260 (100%) |
| Owner Occupied HU | 6,980 (56.9%) |
| Renter Occupied HU | 4,498 (36.7%) |
| Vacant Housing Units | 782 ( 6.4%) |
| Median Home Value | $199,048 |
| Average Home Value | $215,271 |
Housing Distribution
Address Breakdown
Residential
12,039
Single Family
8,616
Multi-Family
3,423
Businesses
1,145
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Listed by: Steven Koleno • Beycome Brokerage Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #75267128
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