2002 Millhouse RdHoustonTX77073
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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 2002 Millhouse Rd, Houston, TX, 77073 uses $118,743 cash to close to unlock $3,216/yr annual cash flow and $268/mo monthly cash flow. Total monthly income runs $2,842/mo, and a $1,753/mo payment keeps the spread at $268/mo. Purchase price stands at $358,200, and rental yield measures 9.52% with $2,842/mo rent. Return on cash invested shows 22.62% in year one, and 5% annual appreciation builds toward $98,964 over five years. Five-year ROI reaches 118.65% and total cumulative return in cash records $140,888. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,842/mo property income covering a $1,753/mo payment rather than investor’s personal income.
Single Family
Built in 1973
9,539 sqft lot
$N/A/sqft
$27 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77073, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,781 (100%) |
| Owner Occupied HU | 8,928 (53.2%) |
| Renter Occupied HU | 6,564 (39.1%) |
| Vacant Housing Units | 1,289 ( 7.7%) |
| Median Home Value | $211,779 |
| Average Home Value | $253,934 |
Housing Distribution
Address Breakdown
Residential
14,839
Single Family
11,089
Multi-Family
3,750
Businesses
810
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