2426 Chestnut Mills RdHoustonTX77067
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 2426 Chestnut Mills Rd, Houston, TX, 77067 offers $3,746/mo rent that, after a $1,273/mo payment, leaves $1,855/mo cash flow. Total monthly income is $3,746/mo, and annual cash flow is $22,260/yr on $86,187 cash. Return on cash invested measures 45.74% in year one, and rental yield stands at 17.29% at a $259,990 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,830 by year five. Five-year ROI records 242.82% and total cumulative return in cash reaches $209,282. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,746/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
5,501 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77067, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,363 (100%) |
| Owner Occupied HU | 4,473 (43.2%) |
| Renter Occupied HU | 5,243 (50.6%) |
| Vacant Housing Units | 647 ( 6.2%) |
| Median Home Value | $211,846 |
| Average Home Value | $237,013 |
Housing Distribution
Address Breakdown
Residential
10,590
Single Family
5,689
Multi-Family
4,901
Businesses
642
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tram Bui • Precious Realty & Mortgage
Mls Name: HAR
Mls Provider:
Mls ID: #90632256
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.