1950 Norfolk StHoustonTX77098
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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 1950 Norfolk St, Houston, TX, 77098 with 5% annual appreciation on a $730,000 basis while $7,770/mo rent supports operations. Total monthly income totals $7,770/mo and a $3,573/mo payment preserves $2,579/mo for cash returns. Annual cash flow comes to $30,946/yr on $240,170 deployed, and return on cash invested reaches 32.95% in year one. Equity gained on principal adds $4,711/yr, and five-year appreciation sums $201,686 alongside rental yield of 12.77%. Five-year ROI measures 173.93% and total cumulative return in cash totals $417,722.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,770/mo property income versus a $3,573/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
3,123 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77098, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,190 (100%) |
| Owner Occupied HU | 2,634 (23.5%) |
| Renter Occupied HU | 7,290 (65.1%) |
| Vacant Housing Units | 1,266 (11.3%) |
| Median Home Value | $750,000 |
| Average Home Value | $924,758 |
Housing Distribution
Address Breakdown
Residential
10,490
Single Family
3,337
Multi-Family
7,153
Businesses
1,797
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Listed by: Sarah Callaway Sulma • Greenwood King Properties - Kirby Office
Mls Name: HAR
Mls Provider:
Mls ID: #52155328
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