1902 Chimney Rock RdHoustonTX77056
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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
Rental property for sale in Houston at 1902 Chimney Rock Rd, Houston, TX, 77056 priced at $1,049,000 converts $4,964/mo rent into after a $5,134/mo obligation. Total monthly income equals $4,964/mo. Return on cash invested prints 11.56% in year one, and rental yield reads 5.68% against a $1,049,000 entry. Equity gained on principal adds $6,769/yr, while 5% annual appreciation compiles into $289,819 by year five. Five-year ROI reaches 59.21% and total cumulative return in cash sums $201,244. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,964/mo property income covering a $5,134/mo payment, not borrower’s personal income.
Single Family
Built in 1953
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77056, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,264 (100%) |
| Owner Occupied HU | 4,757 (29.2%) |
| Renter Occupied HU | 9,065 (55.7%) |
| Vacant Housing Units | 2,442 (15.0%) |
| Median Home Value | $765,546 |
| Average Home Value | $1,010,304 |
Housing Distribution
Address Breakdown
Residential
15,717
Single Family
3,539
Multi-Family
12,178
Businesses
2,208
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