2 Milan EstsGlenn HeightsTX77056
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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 Glenn Heights at 2 Milan Ests, Glenn Heights, TX, 77056 uses $223,720 cash to close to unlock $3,292/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $5,368/mo, and a $3,328/mo payment keeps the spread at $274/mo. Purchase price stands at $680,000, and rental yield measures 9.47% with $5,368/mo rent. Return on cash invested shows 21.53% in year one, and 5% annual appreciation builds toward $187,871 over five years. Five-year ROI reaches 113.24% and total cumulative return in cash records $253,344. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,368/mo property income covering a $3,328/mo payment rather than investor’s personal income.
Single Family
Built in 1998
2,123 sqft lot
$N/A/sqft
$3,100 annually 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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Listed by: Rene Sorola • Keller Williams Realty Metropolitan
Mls Name: HAR
Mls Provider:
Mls ID: #59708170
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