16517 Monte Carlo LnHoustonTX77053
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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 16517 Monte Carlo Ln, Houston, TX, 77053 uses $46,079 cash to close to unlock $4,463/yr annual cash flow and $372/mo monthly cash flow. Total monthly income runs $1,395/mo, and a $680/mo payment keeps the spread at $372/mo. Purchase price stands at $139,000, and rental yield measures 12.04% with $1,395/mo rent. Return on cash invested shows 29.59% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 156.33% and total cumulative return in cash records $72,032. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,395/mo property income covering a $680/mo payment rather than investor’s personal income.
Multi Family
Built in 1982
3,794 sqft lot
$N/A/sqft
$420 annually 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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Listed by: Angelina Le • HomeSmart
Mls Name: HAR
Mls Provider:
Mls ID: #28211653
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