420 Spooner StPasadenaTX77506
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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 Pasadena at 420 Spooner St, Pasadena, TX, 77506 uses $34,907 cash to close to unlock $14,491/yr annual cash flow and $1,208/mo monthly cash flow. Total monthly income runs $1,956/mo, and a $515/mo payment keeps the spread at $1,208/mo. Purchase price stands at $105,300, and rental yield measures 22.29% with $1,956/mo rent. Return on cash invested shows 61.42% in year one, and 5% annual appreciation builds toward $29,092 over five years. Five-year ROI reaches 326.72% and total cumulative return in cash records $114,048. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,956/mo property income covering a $515/mo payment rather than investor’s personal income.
Single Family
Built in 1935
6,054 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77506, Pasadena, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,225 (100%) |
| Owner Occupied HU | 4,655 (38.1%) |
| Renter Occupied HU | 6,171 (50.5%) |
| Vacant Housing Units | 1,399 (11.4%) |
| Median Home Value | $144,768 |
| Average Home Value | $191,502 |
Housing Distribution
Address Breakdown
Residential
11,596
Single Family
7,029
Multi-Family
4,567
Businesses
640
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