16302 Waycreek RdHoustonTX77068
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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 16302 Waycreek Rd, Houston, TX, 77068 offers $3,590/mo rent that, after a $1,968/mo payment, leaves $686/mo cash flow. Total monthly income is $3,590/mo, and annual cash flow is $8,231/yr on $133,263 cash. Return on cash invested measures 26.09% in year one, and rental yield stands at 10.72% at a $402,000 entry. Equity gained on principal adds $2,594/yr while 5% annual appreciation compounds into $111,065 by year five. Five-year ROI records 137.32% and total cumulative return in cash reaches $182,996. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,590/mo property income versus a $1,968/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.55 Acres lot
$N/A/sqft
$45 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77068, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,000 (100%) |
| Owner Occupied HU | 3,202 (64.0%) |
| Renter Occupied HU | 1,447 (28.9%) |
| Vacant Housing Units | 351 ( 7.0%) |
| Median Home Value | $334,734 |
| Average Home Value | $368,275 |
Housing Distribution
Address Breakdown
Residential
5,220
Single Family
3,620
Multi-Family
1,600
Businesses
732
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Listed by: Raquel Ginebra • HomeSmart
Mls Name: HAR
Mls Provider:
Mls ID: #18225672
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