16610 Newglen LnHoustonTX77084
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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 16610 Newglen Ln, Houston, TX, 77084 uses $71,538 cash to close to unlock $6,560/yr annual cash flow and $547/mo monthly cash flow. Total monthly income runs $2,112/mo, and a $1,056/mo payment keeps the spread at $547/mo. Purchase price stands at $215,800, and rental yield measures 11.74% with $2,112/mo rent. Return on cash invested shows 29.08% in year one, and 5% annual appreciation builds toward $59,622 over five years. Five-year ROI reaches 153.44% and total cumulative return in cash records $109,764. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,112/mo property income covering a $1,056/mo payment rather than investor’s personal income.
Townhouse
Built in 2004
2,554 sqft lot
$N/A/sqft
$31 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77084, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 44,024 (100%) |
| Owner Occupied HU | 22,771 (51.7%) |
| Renter Occupied HU | 18,145 (41.2%) |
| Vacant Housing Units | 3,108 ( 7.1%) |
| Median Home Value | $272,729 |
| Average Home Value | $304,445 |
Housing Distribution
Address Breakdown
Residential
40,315
Single Family
27,843
Multi-Family
12,472
Businesses
2,662
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