423 Gammon DrHoustonTX77022
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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 423 Gammon Dr, Houston, TX, 77022 priced at $164,000 pairs $1,316/mo rent with $149/mo cash flow after a $803/mo payment. Total monthly income equals $1,316/mo, and annual cash flow comes to $1,794/yr on $54,366 invested. Return on cash invested is 23.21% in year one, and rental yield stands at 9.63% on a $164,000 basis. Equity gained on principal adds $1,058/yr, and 5% annual appreciation accumulates to $45,310 by year five. Five-year ROI measures 121.79% and total cumulative return in cash reaches $66,213. For financing, Ziffy Mortgage’s DSCR program evaluates $1,316/mo property income against a $803/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
6,899 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77022, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,188 (100%) |
| Owner Occupied HU | 4,348 (38.9%) |
| Renter Occupied HU | 5,798 (51.8%) |
| Vacant Housing Units | 1,042 ( 9.3%) |
| Median Home Value | $234,249 |
| Average Home Value | $306,751 |
Housing Distribution
Address Breakdown
Residential
10,861
Single Family
8,003
Multi-Family
2,858
Businesses
1,424
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