281 Litchfield LnHoustonTX77024
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 281 Litchfield Ln, Houston, TX, 77024 in Houston speaks for itself: 15.47% gross on a $345,000 price, generating $4,448/mo in rent and $1,415/mo in net income after the $1,551/mo debt service. DSCR 2.87, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $16,981 stacks alongside $95,317 in projected five-year appreciation and $3,177/yr in principal reduction. Projected total cumulative return: $225,825.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.5% | 6.2% |
| Monthly Cash Flow | $1,415 | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,448 |
| Total Monthly Debt Service | $2,896 |
| DSCR Ratio | 1.54x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1977
1,480 sqft lot
$N/A/sqft
$580 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77024, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,636 (100%) |
| Owner Occupied HU | 10,193 (54.7%) |
| Renter Occupied HU | 6,387 (34.3%) |
| Vacant Housing Units | 2,056 (11.0%) |
| Median Home Value | $1,152,422 |
| Average Home Value | $1,270,262 |
Housing Distribution
Address Breakdown
Residential
18,464
Single Family
8,893
Multi-Family
9,571
Businesses
2,413
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
Condo
Built in 1977
1,480 sqft lot
$N/A/sqft
$580 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77024, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,636 (100%) |
| Owner Occupied HU | 10,193 (54.7%) |
| Renter Occupied HU | 6,387 (34.3%) |
| Vacant Housing Units | 2,056 (11.0%) |
| Median Home Value | $1,152,422 |
| Average Home Value | $1,270,262 |
Housing Distribution
Address Breakdown
Residential
18,464
Single Family
8,893
Multi-Family
9,571
Businesses
2,413
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices