16219 Purpleridge CtHoustonTX77053
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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 16219 Purpleridge Ct, Houston, TX, 77053 offers a 10.68% rental yield on a $252,400 purchase with $2,247/mo rent. Total monthly income registers $2,247/mo, and a $1,235/mo payment leaves $436/mo available for distribution. Annual cash flow reaches $5,226/yr on $83,671 to close, and return on cash invested stands at 26.16% in year one. Equity gained on principal adds $1,629/yr while 5% annual appreciation supports $69,733 over five years. Portfolio math shows five-year ROI at 137.65% and total cumulative return in cash at $115,171. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,247/mo property income against a $1,235/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
7,840 sqft lot
$N/A/sqft
$17 monthly 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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