2807 Spencer CtHoustonTX77089
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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 2807 Spencer Ct, Houston, TX, 77089 priced at $410,000 pairs $2,892/mo rent with after a $2,007/mo payment. Total monthly income equals $2,892/mo. Return on cash invested is 19.16% in year one, and rental yield stands at 8.46% on a $410,000 basis. Equity gained on principal adds $2,646/yr, and 5% annual appreciation accumulates to $113,275 by year five. Five-year ROI measures 100.21% and total cumulative return in cash reaches $136,199. For financing, Ziffy Mortgage’s DSCR program evaluates $2,892/mo property income against a $2,007/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2013
8,293 sqft lot
$N/A/sqft
$735 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
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Listed by: Brandon Ritch • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #29507871
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