409 E Fair Harbor LnHoustonTX77079
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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 409 E Fair Harbor Ln, Houston, TX, 77079 with 5% annual appreciation on a $375,000 basis while $3,442/mo rent supports operations. Total monthly income totals $3,442/mo and a $1,835/mo payment preserves $776/mo for cash returns. Annual cash flow comes to $9,309/yr on $124,313 deployed, and return on cash invested reaches 27.4% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 11.01%. Five-year ROI measures 144.2% and total cumulative return in cash totals $179,259.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,442/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1977
2,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77079, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,372 (100%) |
| Owner Occupied HU | 7,919 (48.4%) |
| Renter Occupied HU | 6,617 (40.4%) |
| Vacant Housing Units | 1,836 (11.2%) |
| Median Home Value | $619,062 |
| Average Home Value | $664,611 |
Housing Distribution
Address Breakdown
Residential
15,936
Single Family
7,826
Multi-Family
8,110
Businesses
1,827
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