250 El Dorado Blvd #231HoustonTX77062
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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
Investment property for sale in Houston at 250 El Dorado Blvd #231, Houston, TX, 77062 uses $46,410 cash to close to unlock $1,004/yr annual cash flow and $84/mo monthly cash flow. Total monthly income runs $1,079/mo, and a $685/mo payment keeps the spread at $84/mo. Purchase price stands at $140,000, and rental yield measures 9.25% with $1,079/mo rent. Return on cash invested shows 22.07% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 115.68% and total cumulative return in cash records $53,686. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,079/mo property income covering a $685/mo payment rather than investor’s personal income.
Condo
Built in 1979
8.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77062, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,548 (100%) |
| Owner Occupied HU | 7,170 (68.0%) |
| Renter Occupied HU | 2,928 (27.8%) |
| Vacant Housing Units | 450 ( 4.3%) |
| Median Home Value | $293,132 |
| Average Home Value | $335,346 |
Housing Distribution
Address Breakdown
Residential
10,001
Single Family
8,345
Multi-Family
1,656
Businesses
234
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Listed by: Rocio Moore • Moore Realty & Associates
Mls Name: HAR
Mls Provider:
Mls ID: #9917355
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