3215 Lazy Spring DrHoustonTX77080
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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 3215 Lazy Spring Dr, Houston, TX, 77080 generates $4,078/mo in rent and, after a $2,129/mo payment, leaves $985/mo in cash flow. Total monthly income is $4,078/mo, and annual cash flow is $11,817/yr on $144,203 invested. Return on cash invested sits at 28.1% in year one, and rental yield is 11.25% on a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 147.99% and total cumulative return in cash sums $213,408. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,078/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
9,239 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77080, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,672 (100%) |
| Owner Occupied HU | 7,781 (39.6%) |
| Renter Occupied HU | 10,027 (51.0%) |
| Vacant Housing Units | 1,864 ( 9.5%) |
| Median Home Value | $364,381 |
| Average Home Value | $391,262 |
Housing Distribution
Address Breakdown
Residential
18,132
Single Family
9,756
Multi-Family
8,376
Businesses
1,051
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Listed by: Tarannom Fateri • MDK Realty Associates
Mls Name: HAR
Mls Provider:
Mls ID: #40869859
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