2338 Carleen RdHoustonTX77018
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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 2338 Carleen Rd, Houston, TX, 77018 generates $7,582/mo in rent and, after a $4,038/mo payment, leaves $1,715/mo in cash flow. Total monthly income is $7,582/mo, and annual cash flow is $20,583/yr on $271,425 invested. Return on cash invested sits at 27.64% in year one, and rental yield is 11.03% on a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 145.51% and total cumulative return in cash sums $394,953. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,582/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77018, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,675 (100%) |
| Owner Occupied HU | 8,924 (65.3%) |
| Renter Occupied HU | 3,538 (25.9%) |
| Vacant Housing Units | 1,213 ( 8.9%) |
| Median Home Value | $532,852 |
| Average Home Value | $602,695 |
Housing Distribution
Address Breakdown
Residential
13,239
Single Family
10,993
Multi-Family
2,246
Businesses
1,362
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