407 E Carby RdHoustonTX77037
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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 407 E Carby Rd, Houston, TX, 77037 priced at $163,700 converts $2,008/mo rent into $844/mo cash flow after a $801/mo obligation. Total monthly income equals $2,008/mo, and annual cash flow totals $10,130/yr on $54,267 invested. Return on cash invested prints 38.58% in year one, and rental yield reads 14.72% against a $163,700 entry. Equity gained on principal adds $1,056/yr, while 5% annual appreciation compiles into $45,227 by year five. Five-year ROI reaches 204.21% and total cumulative return in cash sums $110,819. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,008/mo property income covering a $801/mo payment, not borrower’s personal income.
Single Family
Built in 1963
6,795 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77037, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,368 (100%) |
| Owner Occupied HU | 3,304 (61.5%) |
| Renter Occupied HU | 1,799 (33.5%) |
| Vacant Housing Units | 265 ( 4.9%) |
| Median Home Value | $176,266 |
| Average Home Value | $238,490 |
Housing Distribution
Address Breakdown
Residential
5,357
Single Family
4,803
Multi-Family
554
Businesses
1,322
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