3124 Mid LnHoustonTX77027
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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 3124 Mid Ln, Houston, TX, 77027 generates $6,201/mo in rent, after a $9,765/mo payment. Total monthly income is $6,201/mo. Return on cash invested sits at 5.54% in year one, and rental yield is 3.73% on a $1,995,000 entry. Equity gained on principal adds $12,873/yr, while 5% annual appreciation builds toward $551,182 over five years. Five-year ROI reaches 26.94% and total cumulative return in cash sums $174,165. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,201/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
8,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77027, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,283 (100%) |
| Owner Occupied HU | 3,389 (22.2%) |
| Renter Occupied HU | 10,229 (66.9%) |
| Vacant Housing Units | 1,665 (10.9%) |
| Median Home Value | $860,469 |
| Average Home Value | $1,007,266 |
Housing Distribution
Address Breakdown
Residential
14,769
Single Family
3,109
Multi-Family
11,660
Businesses
2,069
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