215 Laurel Gate TerHoustonTX77094
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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 215 Laurel Gate Ter, Houston, TX, 77094 priced at $415,000 converts $3,193/mo rent into $242/mo cash flow after a $2,031/mo obligation. Total monthly income equals $3,193/mo, and annual cash flow totals $2,905/yr on $137,573 invested. Return on cash invested prints 22.02% in year one, and rental yield reads 9.23% against a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation compiles into $114,657 by year five. Five-year ROI reaches 115.4% and total cumulative return in cash sums $158,757. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,193/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Townhouse
Built in 2004
3,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77094, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,808 (100%) |
| Owner Occupied HU | 2,751 (57.2%) |
| Renter Occupied HU | 1,823 (37.9%) |
| Vacant Housing Units | 234 ( 4.9%) |
| Median Home Value | $458,862 |
| Average Home Value | $508,566 |
Housing Distribution
Address Breakdown
Residential
3,813
Single Family
3,066
Multi-Family
747
Businesses
646
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