16346 Sierra Grande DrHoustonTX77083
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 16346 Sierra Grande Dr, Houston, TX, 77083 with 5% annual appreciation on a $262,500 basis while $3,372/mo rent supports operations. Total monthly income totals $3,372/mo and a $1,285/mo payment preserves $1,463/mo for cash returns. Annual cash flow comes to $17,561/yr on $87,019 deployed, and return on cash invested reaches 40.09% in year one. Equity gained on principal adds $1,694/yr, and five-year appreciation sums $72,524 alongside rental yield of 15.41%. Five-year ROI measures 212.5% and total cumulative return in cash totals $184,918.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,372/mo property income versus a $1,285/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
6,246 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77083, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,942 (100%) |
| Owner Occupied HU | 14,881 (64.9%) |
| Renter Occupied HU | 7,425 (32.4%) |
| Vacant Housing Units | 636 ( 2.8%) |
| Median Home Value | $257,596 |
| Average Home Value | $292,331 |
Housing Distribution
Address Breakdown
Residential
22,671
Single Family
18,760
Multi-Family
3,911
Businesses
1,018
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Weaster • Graham&Company Realty Group
Mls Name: HAR
Mls Provider:
Mls ID: #20761825
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.