2402 Chimney Rock RdHoustonTX77056
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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 2402 Chimney Rock Rd, Houston, TX, 77056 generates $5,524/mo in rent, after a $3,915/mo payment. Total monthly income is $5,524/mo. Return on cash invested sits at 18.03% in year one, and rental yield is 8.29% on a $799,900 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $220,998 over five years. Five-year ROI reaches 94.41% and total cumulative return in cash sums $248,460. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,524/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
9,975 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77056, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,264 (100%) |
| Owner Occupied HU | 4,757 (29.2%) |
| Renter Occupied HU | 9,065 (55.7%) |
| Vacant Housing Units | 2,442 (15.0%) |
| Median Home Value | $765,546 |
| Average Home Value | $1,010,304 |
Housing Distribution
Address Breakdown
Residential
15,717
Single Family
3,539
Multi-Family
12,178
Businesses
2,208
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Listed by: Tessa Flight • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #22637479
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