2934 Howard DrChinaTX77613
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 China at 2934 Howard Dr, China, TX, 77613 priced at $240,000 converts $2,245/mo rent into $538/mo cash flow after a $1,175/mo obligation. Total monthly income equals $2,245/mo, and annual cash flow totals $6,456/yr on $79,560 invested. Return on cash invested prints 28.02% in year one, and rental yield reads 11.22% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 147.56% and total cumulative return in cash sums $117,398. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,245/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77613, China, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 521 (100%) |
| Owner Occupied HU | 375 (72.0%) |
| Renter Occupied HU | 87 (16.7%) |
| Vacant Housing Units | 59 (11.3%) |
| Median Home Value | $302,113 |
| Average Home Value | $305,827 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
39
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeanette Winfrey • RE/MAX ONE
Mls Name: BBOR
Mls Provider:
Mls ID: #256995
Disclaimer: All information provided is deemed reliable but is not guaranteed. Information being provided is 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.