2024 Welch StHoustonTX77019
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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 2024 Welch St, Houston, TX, 77019 generates $6,258/mo in rent and, after a $2,227/mo payment, leaves $3,022/mo in cash flow. Total monthly income is $6,258/mo, and annual cash flow is $36,269/yr on $150,833 invested. Return on cash invested sits at 43.95% in year one, and rental yield is 16.5% on a $455,000 entry. Equity gained on principal adds $2,936/yr, while 5% annual appreciation builds toward $125,708 over five years. Five-year ROI reaches 233.01% and total cumulative return in cash sums $351,448. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,258/mo property income rather than buyer’s personal income.
Townhouse
Built in 1993
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77019, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,315 (100%) |
| Owner Occupied HU | 5,589 (32.3%) |
| Renter Occupied HU | 10,020 (57.9%) |
| Vacant Housing Units | 1,706 ( 9.9%) |
| Median Home Value | $703,962 |
| Average Home Value | $934,995 |
Housing Distribution
Address Breakdown
Residential
16,390
Single Family
6,477
Multi-Family
9,913
Businesses
853
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Listed by: Brian Palmer • HomeSmart
Mls Name: HAR
Mls Provider:
Mls ID: #18233890
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