260 El Dorado Blvd #506HoustonTX77062
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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 260 El Dorado Blvd #506, Houston, TX, 77062 generates $2,784/mo in rent and, after a $817/mo payment, leaves $1,062/mo in cash flow. Total monthly income is $2,784/mo, and annual cash flow is $12,742/yr on $55,360 invested. Return on cash invested sits at 42.93% in year one, and rental yield is 20% on a $166,999 entry. Equity gained on principal adds $1,078/yr, while 5% annual appreciation builds toward $46,139 over five years. Five-year ROI reaches 231.68% and total cumulative return in cash sums $128,259. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,784/mo property income rather than buyer’s personal income.
Condo
Built in 1981
13.37 Acres lot
$N/A/sqft
$535 monthly 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: Jimmy Franklin • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #19556385
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