414 W 24th St #AHoustonTX77008
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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 414 W 24th St #A, Houston, TX, 77008 priced at $829,000 converts $6,564/mo rent into $668/mo cash flow after a $4,058/mo obligation. Total monthly income equals $6,564/mo, and annual cash flow totals $8,021/yr on $272,741 invested. Return on cash invested prints 23% in year one, and rental yield reads 9.5% against a $829,000 entry. Equity gained on principal adds $5,349/yr, while 5% annual appreciation compiles into $229,037 by year five. Five-year ROI reaches 120.62% and total cumulative return in cash sums $328,972. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,564/mo property income covering a $4,058/mo payment, not borrower’s personal income.
Single Family
Built in 2015
3,275 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77008, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,031 (100%) |
| Owner Occupied HU | 11,593 (50.3%) |
| Renter Occupied HU | 9,475 (41.1%) |
| Vacant Housing Units | 1,963 ( 8.5%) |
| Median Home Value | $542,417 |
| Average Home Value | $635,144 |
Housing Distribution
Address Breakdown
Residential
23,112
Single Family
15,285
Multi-Family
7,827
Businesses
1,930
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Listed by: Marianne VanderLinden • Waters Turnley Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #29158191
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