2708 Morningside LnPasadenaTX77506
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 Pasadena at 2708 Morningside Ln, Pasadena, TX, 77506 offers $2,106/mo rent that, after a $1,126/mo payment, leaves $470/mo cash flow. Total monthly income is $2,106/mo, and annual cash flow is $5,642/yr on $76,245 cash. Return on cash invested measures 27.31% in year one, and rental yield stands at 10.99% at a $230,000 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,545 by year five. Five-year ROI records 143.8% and total cumulative return in cash reaches $109,639. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,106/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
5,828 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77506, Pasadena, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,225 (100%) |
| Owner Occupied HU | 4,655 (38.1%) |
| Renter Occupied HU | 6,171 (50.5%) |
| Vacant Housing Units | 1,399 (11.4%) |
| Median Home Value | $144,768 |
| Average Home Value | $191,502 |
Housing Distribution
Address Breakdown
Residential
11,596
Single Family
7,029
Multi-Family
4,567
Businesses
640
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ruby Miranda • Keller Williams Realty Clear Lake / NASA
Mls Name: HAR
Mls Provider:
Mls ID: #39466425
Disclaimer: Copyright 2025, 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.