303 Sugarberry CirHoustonTX77024
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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 303 Sugarberry Cir, Houston, TX, 77024 priced at $1,395,000 converts $6,997/mo rent into after a $6,828/mo obligation. Total monthly income equals $6,997/mo. Return on cash invested prints 11.28% in year one, and rental yield reads 6.02% against a $1,395,000 entry. Equity gained on principal adds $9,002/yr, while 5% annual appreciation compiles into $385,413 by year five. Five-year ROI reaches 58.19% and total cumulative return in cash sums $263,026. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,997/mo property income covering a $6,828/mo payment, not borrower’s personal income.
Single Family
Built in 1992
6,028 sqft lot
$N/A/sqft
$1,500 quarterly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-25 | Listed for sale | $1,395,000 |
| 2021-11-12 | Listing removed | N/A |
| 2021-10-29 | Pending sale | $1,000,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $1,030,039 | -9.83% |
| 2023-12-27 | $6233.61 | 10.89% | $1,142,384 | 17.05% |
| 2022-12-27 | $5621.53 | N/A | $976,000 | 1.74% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1992
- Architectural Style: Traditional
- Building Area: 4,827
- Living Area: 4,827 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas
- Cooling: Electric, Attic Fan, Ceiling Fan(s)
- Flooring: N/A
- Interior Features: Crown Molding, Elevator, High Ceilings, Beamed Ceilings, Wired for Sound, All Bedrooms Up, En-Suite Bath, Countertops(Granite)
- Exterior Features: N/A
- Parking Features: Attached
Location
HOA & Fees
- HOA Fee: $1,500 quarterly
- Association Fee: $1,500 quarterly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: Water District
- Road Surface Type: Concrete, Curbs
School Information
- Elementary School: Memorial Drive Elementary School
- Middle School: Spring Branch Middle School (Spring Branch)
- High School: Memorial High School (Spring Branch)
Listed by: Ross Lapham • Texastar Properties
Mls Name: HAR
Mls Provider:
Mls ID: #5103911
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