3302 Cedarcrest DrPasadenaTX77503
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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
Investment property for sale in Pasadena at 3302 Cedarcrest Dr, Pasadena, TX, 77503 uses $76,411 cash to close to unlock $9,133/yr annual cash flow and $761/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,128/mo payment keeps the spread at $761/mo. Purchase price stands at $230,500, and rental yield measures 12.49% with $2,400/mo rent. Return on cash invested shows 31.86% in year one, and 5% annual appreciation builds toward $63,683 over five years. Five-year ROI reaches 168.21% and total cumulative return in cash records $128,528. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,128/mo payment rather than investor’s personal income.
Single Family
Built in 1957
7,884 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77503, Pasadena, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,114 (100%) |
| Owner Occupied HU | 4,458 (48.9%) |
| Renter Occupied HU | 4,023 (44.1%) |
| Vacant Housing Units | 633 ( 6.9%) |
| Median Home Value | $195,274 |
| Average Home Value | $270,564 |
Housing Distribution
Address Breakdown
Residential
8,690
Single Family
6,096
Multi-Family
2,594
Businesses
650
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