3309 Reid StHoustonTX77026
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 3309 Reid St, Houston, TX, 77026 priced at $299,000 converts $3,230/mo rent into $1,104/mo cash flow after a $1,463/mo obligation. Total monthly income equals $3,230/mo, and annual cash flow totals $13,251/yr on $99,119 invested. Return on cash invested prints 33.28% in year one, and rental yield reads 12.96% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 175.76% and total cumulative return in cash sums $174,214. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,230/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 2022
9,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77026, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,710 (100%) |
| Owner Occupied HU | 3,624 (37.3%) |
| Renter Occupied HU | 4,966 (51.1%) |
| Vacant Housing Units | 1,120 (11.5%) |
| Median Home Value | $101,316 |
| Average Home Value | $165,168 |
Housing Distribution
Address Breakdown
Residential
8,695
Single Family
7,879
Multi-Family
816
Businesses
603
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Nearby investment properties with comparable prices
Listed by: Alex Johnson • Atlas Real Estate of Texas, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #96275913
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