2107 Canongate DrHoustonTX77056
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2107 Canongate Dr, Houston, TX, 77056 offers $5,809/mo rent that, after a $2,882/mo payment, leaves $1,455/mo cash flow. Total monthly income is $5,809/mo, and annual cash flow is $17,462/yr on $193,715 cash. Return on cash invested measures 29.07% in year one, and rental yield stands at 11.84% at a $588,800 entry. Equity gained on principal adds $3,799/yr while 5% annual appreciation compounds into $162,675 by year five. Five-year ROI records 153.57% and total cumulative return in cash reaches $297,491. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,809/mo property income versus a $2,882/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1969
3,100 sqft lot
$N/A/sqft
$2,000 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sharareh Shirvani • REALM Real Estate Professionals - West Houston
Mls Name: HAR
Mls Provider:
Mls ID: #4432526
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.