1622 Carmel GrvHoustonTX77073
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1622 Carmel Grv, Houston, TX, 77073 offers a 20.05% rental yield on a $153,700 purchase with $2,568/mo rent. Total monthly income registers $2,568/mo, and a $752/mo payment leaves $1,441/mo available for distribution. Annual cash flow reaches $17,296/yr on $50,952 to close, and return on cash invested stands at 53.85% in year one. Equity gained on principal adds $992/yr while 5% annual appreciation supports $42,464 over five years. Portfolio math shows five-year ROI at 286.44% and total cumulative return in cash at $145,948. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,568/mo property income against a $752/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
0.27 Acres lot
$N/A/sqft
$34 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77073, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,781 (100%) |
| Owner Occupied HU | 8,928 (53.2%) |
| Renter Occupied HU | 6,564 (39.1%) |
| Vacant Housing Units | 1,289 ( 7.7%) |
| Median Home Value | $211,779 |
| Average Home Value | $253,934 |
Housing Distribution
Address Breakdown
Residential
14,839
Single Family
11,089
Multi-Family
3,750
Businesses
810
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices