2838 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
Investment property for sale in Houston at 2838 Packard Elm St, Houston, TX, 77038 offers a 8.64% rental yield on a $240,000 purchase with $1,728/mo rent. 75% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 103.4% and total cumulative return in cash at $82,262. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,728/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
4,199 sqft lot
$N/A/sqft
$380 annually 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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Listed by: Luz Elena Jaramillo • RE/MAX The Woodlands & Spring
Mls Name: HAR
Mls Provider:
Mls ID: #30923706
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