213 Armstrong StHoustonTX77029
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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 213 Armstrong St, Houston, TX, 77029 listed at $138,000 pairs $1,068/mo rent with a $675/mo payment to leave $87/mo cash flow. Total monthly income runs $1,068/mo, and annual cash flow reaches $1,045/yr on $45,747 cash to close. Return on cash invested measures 22.19% in year one, and rental yield registers 9.29% at a $138,000 basis. Equity gained on principal adds $890/yr, and annual property appreciation at 5% supports $38,127 by year five. Five-year ROI tracks 116.4% and total cumulative return in cash totals $53,250. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,068/mo property income relative to a $675/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1946
5,993 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77029, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,368 (100%) |
| Owner Occupied HU | 3,562 (55.9%) |
| Renter Occupied HU | 2,279 (35.8%) |
| Vacant Housing Units | 527 ( 8.3%) |
| Median Home Value | $116,890 |
| Average Home Value | $187,162 |
Housing Distribution
Address Breakdown
Residential
6,296
Single Family
5,781
Multi-Family
515
Businesses
1,150
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Listed by: Raymond Young • Connect Realty.com
Mls Name: HAR
Mls Provider:
Mls ID: #56585505
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