3423 Scenic Elm StHoustonTX77059
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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 3423 Scenic Elm St, Houston, TX, 77059 priced at $499,000 converts $4,270/mo rent into $722/mo cash flow after a $2,442/mo obligation. Total monthly income equals $4,270/mo, and annual cash flow totals $8,663/yr on $165,419 invested. Return on cash invested prints 25.15% in year one, and rental yield reads 10.27% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 132.12% and total cumulative return in cash sums $218,550. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,270/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Single Family
Built in 1995
10,079 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77059, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,752 (100%) |
| Owner Occupied HU | 5,727 (84.8%) |
| Renter Occupied HU | 862 (12.8%) |
| Vacant Housing Units | 163 ( 2.4%) |
| Median Home Value | $390,826 |
| Average Home Value | $433,427 |
Housing Distribution
Address Breakdown
Residential
6,722
Single Family
6,470
Multi-Family
252
Businesses
103
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