228 E Woodland StHoustonTX77009
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 228 E Woodland St, Houston, TX, 77009 priced at $599,000 converts $4,284/mo rent into $20/mo cash flow after a $2,932/mo obligation. Total monthly income equals $4,284/mo, and annual cash flow totals $237/yr on $197,071 invested. Return on cash invested prints 20.18% in year one, and rental yield reads 8.58% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 105.49% and total cumulative return in cash sums $207,898. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,284/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 2008
2,465 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77009, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,523 (100%) |
| Owner Occupied HU | 8,741 (47.2%) |
| Renter Occupied HU | 7,637 (41.2%) |
| Vacant Housing Units | 2,145 (11.6%) |
| Median Home Value | $456,534 |
| Average Home Value | $535,539 |
Housing Distribution
Address Breakdown
Residential
17,392
Single Family
13,992
Multi-Family
3,400
Businesses
1,035
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Listed by: Daniel Nolan • Inc Realty
Mls Name: HAR
Mls Provider:
Mls ID: #43791723
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