16619 Palisades Point DrHoustonTX77059
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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 16619 Palisades Point Dr, Houston, TX, 77059 listed at $385,800 pairs $3,158/mo rent with a $1,888/mo payment to leave $415/mo cash flow. Total monthly income runs $3,158/mo, and annual cash flow reaches $4,978/yr on $127,893 cash to close. Return on cash invested measures 23.8% in year one, and rental yield registers 9.82% at a $385,800 basis. Equity gained on principal adds $2,490/yr, and annual property appreciation at 5% supports $106,589 by year five. Five-year ROI tracks 124.92% and total cumulative return in cash totals $159,766. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,158/mo property income relative to a $1,888/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77059, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,752 (100%) |
| Owner Occupied HU | 5,727 (84.8%) |
| Renter Occupied HU | 862 (12.8%) |
| Vacant Housing Units | 163 ( 2.4%) |
| Median Home Value | $390,826 |
| Average Home Value | $433,427 |
Housing Distribution
Address Breakdown
Residential
6,722
Single Family
6,470
Multi-Family
252
Businesses
103
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