2811 Packard Elm StHoustonTX77038
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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 2811 Packard Elm St, Houston, TX, 77038 generates $912/mo in rent and, after a $563/mo payment, leaves $94/mo in cash flow. Total monthly income is $912/mo, and annual cash flow is $1,129/yr on $38,123 invested. Return on cash invested sits at 22.87% in year one, and rental yield is 9.52% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 120.08% and total cumulative return in cash sums $45,777. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $912/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77038, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,829 (100%) |
| Owner Occupied HU | 5,002 (50.9%) |
| Renter Occupied HU | 4,388 (44.6%) |
| Vacant Housing Units | 439 ( 4.5%) |
| Median Home Value | $226,634 |
| Average Home Value | $311,773 |
Housing Distribution
Address Breakdown
Residential
9,283
Single Family
6,957
Multi-Family
2,326
Businesses
519
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