1711 Old Spanish Trl APT 203HoustonTX77054
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 1711 Old Spanish Trl APT 203, Houston, TX, 77054 offers a 11.17% rental yield on a $250,000 purchase with $2,328/mo rent. Total monthly income registers $2,328/mo, and a $1,224/mo payment leaves $550/mo available for distribution. Annual cash flow reaches $6,598/yr on $82,875 to close, and return on cash invested stands at 27.87% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 146.73% and total cumulative return in cash at $121,606. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,328/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77054, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,481 (100%) |
| Owner Occupied HU | 2,282 (13.8%) |
| Renter Occupied HU | 12,097 (73.4%) |
| Vacant Housing Units | 2,102 (12.8%) |
| Median Home Value | $269,018 |
| Average Home Value | $335,532 |
Housing Distribution
Address Breakdown
Residential
16,326
Single Family
683
Multi-Family
15,643
Businesses
1,214
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices