318 La Fonda DrHoustonTX77060
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 Houston at 318 La Fonda Dr, Houston, TX, 77060 priced at $179,900 converts $1,581/mo rent into $301/mo cash flow after a $881/mo obligation. Total monthly income equals $1,581/mo, and annual cash flow totals $3,615/yr on $59,637 invested. Return on cash invested prints 25.97% in year one, and rental yield reads 10.55% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 136.62% and total cumulative return in cash sums $81,477. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,581/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1970
6,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77060, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,872 (100%) |
| Owner Occupied HU | 3,434 (20.4%) |
| Renter Occupied HU | 11,801 (69.9%) |
| Vacant Housing Units | 1,637 ( 9.7%) |
| Median Home Value | $158,412 |
| Average Home Value | $224,427 |
Housing Distribution
Address Breakdown
Residential
15,712
Single Family
4,825
Multi-Family
10,887
Businesses
2,209
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Listed by: Blanca Contreras • FYI Realty - Humble
Mls Name: HAR
Mls Provider:
Mls ID: #18107316
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