255 Old Spring LnHoustonTX77015
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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 255 Old Spring Ln, Houston, TX, 77015 earns from $2,535/mo rent with a $1,738/mo payment. Total monthly income totals $2,535/mo. ROI tracks 19.8% on current figures, and rental yield reads 8.57% at a $355,000 purchase. Equity gained on principal adds $2,291/yr, and 5% annual appreciation supports $98,080 over five years. Five-year ROI reaches 103.58% and total cumulative return in cash sums $121,896. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,535/mo property income instead of your personal income.
Single Family
Built in 1988
7,013 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77015, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,647 (100%) |
| Owner Occupied HU | 9,361 (47.6%) |
| Renter Occupied HU | 8,742 (44.5%) |
| Vacant Housing Units | 1,544 ( 7.9%) |
| Median Home Value | $189,541 |
| Average Home Value | $256,734 |
Housing Distribution
Address Breakdown
Residential
18,481
Single Family
13,759
Multi-Family
4,722
Businesses
1,566
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Listed by: Ellis Young • Keller Williams Preferred
Mls Name: HAR
Mls Provider:
Mls ID: #69904809
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