408 Canadian StHoustonTX77009
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 Houston at 408 Canadian St, Houston, TX, 77009 offers $1,866/mo rent that, after a $1,077/mo payment, leaves $301/mo cash flow. Total monthly income is $1,866/mo, and annual cash flow is $3,616/yr on $72,930 cash. Return on cash invested measures 24.87% in year one, and rental yield stands at 10.18% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 130.68% and total cumulative return in cash reaches $95,303. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,866/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77009, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,523 (100%) |
| Owner Occupied HU | 8,741 (47.2%) |
| Renter Occupied HU | 7,637 (41.2%) |
| Vacant Housing Units | 2,145 (11.6%) |
| Median Home Value | $456,534 |
| Average Home Value | $535,539 |
Housing Distribution
Address Breakdown
Residential
17,392
Single Family
13,992
Multi-Family
3,400
Businesses
1,035
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices