1618 Ojeman Rd #CHoustonTX77055
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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 1618 Ojeman Rd #C, Houston, TX, 77055 offers $5,575/mo rent that, after a $3,666/mo payment, leaves $165/mo cash flow. Total monthly income is $5,575/mo, and annual cash flow is $1,985/yr on $246,421 cash. Return on cash invested measures 20.87% in year one, and rental yield stands at 8.93% at a $749,000 entry. Equity gained on principal adds $4,833/yr while 5% annual appreciation compounds into $206,935 by year five. Five-year ROI records 109.31% and total cumulative return in cash reaches $269,356. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,575/mo property income versus a $3,666/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
1,877 sqft lot
$N/A/sqft
$250 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77055, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,313 (100%) |
| Owner Occupied HU | 8,227 (42.6%) |
| Renter Occupied HU | 9,215 (47.7%) |
| Vacant Housing Units | 1,871 ( 9.7%) |
| Median Home Value | $591,200 |
| Average Home Value | $707,973 |
Housing Distribution
Address Breakdown
Residential
19,239
Single Family
10,978
Multi-Family
8,261
Businesses
2,617
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Listed by: Anne Vastakis • Boulevard Realty
Mls Name: HAR
Mls Provider:
Mls ID: #37411126
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