1902 S Memorial CtPasadenaTX77502
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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 Pasadena at 1902 S Memorial Ct, Pasadena, TX, 77502 offers a 10.48% rental yield on a $235,000 purchase with $2,053/mo rent. Total monthly income registers $2,053/mo, and a $1,150/mo payment leaves $382/mo available for distribution. Annual cash flow reaches $4,585/yr on $77,903 to close, and return on cash invested stands at 25.79% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 135.67% and total cumulative return in cash at $105,688. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,053/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
7,701 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77502, Pasadena, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,260 (100%) |
| Owner Occupied HU | 6,980 (56.9%) |
| Renter Occupied HU | 4,498 (36.7%) |
| Vacant Housing Units | 782 ( 6.4%) |
| Median Home Value | $199,048 |
| Average Home Value | $215,271 |
Housing Distribution
Address Breakdown
Residential
12,039
Single Family
8,616
Multi-Family
3,423
Businesses
1,145
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Listed by: Michael Copenhaver • RE/MAX Signature
Mls Name: HAR
Mls Provider:
Mls ID: #85743835
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