3515 Newton DrPasadenaTX77503
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 Pasadena at 3515 Newton Dr, Pasadena, TX, 77503 priced at $233,900 pairs $2,269/mo rent with $606/mo cash flow after a $1,145/mo payment. Total monthly income equals $2,269/mo, and annual cash flow comes to $7,266/yr on $77,538 invested. Return on cash invested is 29.28% in year one, and rental yield stands at 11.64% on a $233,900 basis. Equity gained on principal adds $1,509/yr, and 5% annual appreciation accumulates to $64,622 by year five. Five-year ROI measures 154.34% and total cumulative return in cash reaches $119,671. For financing, Ziffy Mortgage’s DSCR program evaluates $2,269/mo property income against a $1,145/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
7,126 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Penny Laney • Better Homes and Gardens Real Estate Gary Greene - Champions
Mls Name: HAR
Mls Provider:
Mls ID: #57789133
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.