2401 Lockwood DrHoustonTX77020
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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 2401 Lockwood Dr, Houston, TX, 77020 priced at $195,000 pairs $1,247/mo rent with after a $954/mo payment. Total monthly income equals $1,247/mo. Return on cash invested is 17.32% in year one, and rental yield stands at 7.67% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 90.22% and total cumulative return in cash reaches $58,318. For financing, Ziffy Mortgage’s DSCR program evaluates $1,247/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1965
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77020, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,365 (100%) |
| Owner Occupied HU | 4,634 (44.7%) |
| Renter Occupied HU | 4,606 (44.4%) |
| Vacant Housing Units | 1,125 (10.9%) |
| Median Home Value | $166,126 |
| Average Home Value | $235,260 |
Housing Distribution
Address Breakdown
Residential
9,635
Single Family
8,495
Multi-Family
1,140
Businesses
1,009
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Listed by: Sonia Camacho • NB Elite Realty
Mls Name: HAR
Mls Provider:
Mls ID: #86145873
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