36847 Richard Frey 2 6 Rd #6HempsteadTX77445
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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 Hempstead at 36847 Richard Frey 2 6 Rd #6, Hempstead, TX, 77445 offers a 6.2% rental yield on a $215,000 purchase with $1,110/mo rent. 86% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 66.31% and total cumulative return in cash at $47,257. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,110/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77445, Hempstead, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,611 (100%) |
| Owner Occupied HU | 3,847 (58.2%) |
| Renter Occupied HU | 1,887 (28.5%) |
| Vacant Housing Units | 877 (13.3%) |
| Median Home Value | $270,294 |
| Average Home Value | $379,184 |
Housing Distribution
Address Breakdown
Residential
6,096
Single Family
5,706
Multi-Family
390
Businesses
448
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