2603 Solero Ridge LnHoustonTX77089
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 2603 Solero Ridge Ln, Houston, TX, 77089 priced at $475,000 converts $5,323/mo rent into $1,898/mo cash flow after a $2,325/mo obligation. Total monthly income equals $5,323/mo, and annual cash flow totals $22,771/yr on $157,463 invested. Return on cash invested prints 34.37% in year one, and rental yield reads 13.45% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 181.73% and total cumulative return in cash sums $286,159. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,323/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 2010
8,058 sqft lot
$N/A/sqft
$570 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77089, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,319 (100%) |
| Owner Occupied HU | 13,025 (67.4%) |
| Renter Occupied HU | 5,404 (28.0%) |
| Vacant Housing Units | 890 ( 4.6%) |
| Median Home Value | $271,918 |
| Average Home Value | $299,359 |
Housing Distribution
Address Breakdown
Residential
19,373
Single Family
15,205
Multi-Family
4,168
Businesses
689
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Binh Vo • Walzel Properties - Corporate Office
Mls Name: HAR
Mls Provider:
Mls ID: #29786727
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.