250 Litchfield LnHoustonTX77024
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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 250 Litchfield Ln, Houston, TX, 77024 priced at $392,700 pairs $3,454/mo rent with $162/mo cash flow after a $1,922/mo payment. Total monthly income equals $3,454/mo, and annual cash flow comes to $1,938/yr on $130,180 invested. Return on cash invested is 21.4% in year one, and rental yield stands at 10.55% on a $392,700 basis. Equity gained on principal adds $2,534/yr, and 5% annual appreciation accumulates to $108,496 by year five. Five-year ROI measures 113.73% and total cumulative return in cash reaches $148,048. For financing, Ziffy Mortgage’s DSCR program evaluates $3,454/mo property income against a $1,922/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1977
1,393 sqft lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77024, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,636 (100%) |
| Owner Occupied HU | 10,193 (54.7%) |
| Renter Occupied HU | 6,387 (34.3%) |
| Vacant Housing Units | 2,056 (11.0%) |
| Median Home Value | $1,152,422 |
| Average Home Value | $1,270,262 |
Housing Distribution
Address Breakdown
Residential
18,464
Single Family
8,893
Multi-Family
9,571
Businesses
2,413
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