2002 Pannell StHoustonTX77020
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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 2002 Pannell St, Houston, TX, 77020 priced at $224,999 converts $2,011/mo rent into $403/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,011/mo, and annual cash flow totals $4,832/yr on $74,587 invested. Return on cash invested prints 26.39% in year one, and rental yield reads 10.73% against a $224,999 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 138.86% and total cumulative return in cash sums $103,569. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,011/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 2007
4,948 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77020, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,365 (100%) |
| Owner Occupied HU | 4,634 (44.7%) |
| Renter Occupied HU | 4,606 (44.4%) |
| Vacant Housing Units | 1,125 (10.9%) |
| Median Home Value | $166,126 |
| Average Home Value | $235,260 |
Housing Distribution
Address Breakdown
Residential
9,635
Single Family
8,495
Multi-Family
1,140
Businesses
1,009
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Listed by: Chet Polniazek • 1st Texas Realty Services
Mls Name: HAR
Mls Provider:
Mls ID: #10908661
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