1620 W 24th St #CHoustonTX77008
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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 1620 W 24th St #C, Houston, TX, 77008 offers a 9.85% rental yield on a $569,000 purchase with $4,672/mo rent. Total monthly income registers $4,672/mo, and a $2,785/mo payment leaves $536/mo available for distribution. Annual cash flow reaches $6,427/yr on $187,201 to close, and return on cash invested stands at 23.49% in year one. Equity gained on principal adds $3,672/yr while 5% annual appreciation supports $157,204 over five years. Portfolio math shows five-year ROI at 123.47% and total cumulative return in cash at $231,131. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,672/mo property income against a $2,785/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
1,777 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77008, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,031 (100%) |
| Owner Occupied HU | 11,593 (50.3%) |
| Renter Occupied HU | 9,475 (41.1%) |
| Vacant Housing Units | 1,963 ( 8.5%) |
| Median Home Value | $542,417 |
| Average Home Value | $635,144 |
Housing Distribution
Address Breakdown
Residential
23,112
Single Family
15,285
Multi-Family
7,827
Businesses
1,930
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Listed by: Victoria Cedillo • Cross Capital Realty
Mls Name: HAR
Mls Provider:
Mls ID: #94028629
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