2992 Meadowgrass Ln, Houston, TX, 77082 | $79/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2992 Meadowgrass Ln, Houston, TX, 77082 | $79/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Houston at 2992 Meadowgrass Ln, Houston, TX, 77082 offers a 10.33% rental yield on a $220,000 purchase with $1,894/mo rent. Total monthly income registers $1,894/mo, and a $1,077/mo payment leaves $79/mo available for distribution. Annual cash flow reaches $952/yr on $72,930 to close, and return on cash invested stands at 21.21% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 112.58% and total cumulative return in cash at $82,103. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,894/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1981

3,903 sqft lot

$N/A/sqft

$250 monthly HOA

More details about the property

Charming & Spacious Corner Townhome in Westwind! Welcome to this bright and inviting two-story corner unit located in the desirable Westwind community. This well-maintained townhome features a spacious living room with high ceilings and a cozy fireplaceperfect for relaxing or entertaining family and friends. The open and airy floor plan is flooded with natural light from large windows throughout. Elegant French doors open to a private back porch/patioideal for enjoying your morning coffee or unwinding after a long day. Upstairs, you'll find all bedrooms along with a versatile game room or flex space. The generous primary suite includes a walk-in closet for ample storage. Oversized garage. Prime Location: Conveniently situated on Richmond Avenue, this home is within walking distance to grocery stores, and just minutes from restaurants, HWY 6, Westpark Tollway, I-10, and the Energy Corridor. Dont miss out on this opportunityschedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 77082, Houston, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	25,510 (100%)
Owner Occupied HU	8,364 (32.8%)
Renter Occupied HU	15,382 (60.3%)
Vacant Housing Units	1,764 ( 6.9%)
Median Home Value	$280,305
Average Home Value	$429,694