3603 Canvasback LnHoustonTX77047
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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 Houston at 3603 Canvasback Ln, Houston, TX, 77047 offers a 9.6% rental yield on a $249,786 purchase with $1,998/mo rent. Total monthly income registers $1,998/mo, and a $1,223/mo payment leaves $188/mo available for distribution. Annual cash flow reaches $2,262/yr on $82,804 to close, and return on cash invested stands at 22.64% in year one. Equity gained on principal adds $1,612/yr while 5% annual appreciation supports $69,011 over five years. Portfolio math shows five-year ROI at 118.9% and total cumulative return in cash at $98,451. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,998/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
5,000 sqft lot
$N/A/sqft
$394 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77047, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,307 (100%) |
| Owner Occupied HU | 8,555 (64.3%) |
| Renter Occupied HU | 3,945 (29.6%) |
| Vacant Housing Units | 807 ( 6.1%) |
| Median Home Value | $249,161 |
| Average Home Value | $308,741 |
Housing Distribution
Address Breakdown
Residential
12,622
Single Family
10,868
Multi-Family
1,754
Businesses
537
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Listed by: Aqeel Virk • Keller Williams Realty Southwest
Mls Name: HAR
Mls Provider:
Mls ID: #34102432
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