4950 Woodway Dr #3HoustonTX77056
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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 4950 Woodway Dr #3, Houston, TX, 77056 priced at $649,900 pairs $10,860/mo rent with $3,577/mo cash flow after a $3,181/mo payment. Total monthly income equals $10,860/mo, and annual cash flow comes to $42,929/yr on $213,817 invested. Return on cash invested is 40.14% in year one, and rental yield stands at 20.05% on a $649,900 basis. Equity gained on principal adds $4,194/yr, and 5% annual appreciation accumulates to $179,555 by year five. Five-year ROI measures 217.93% and total cumulative return in cash reaches $465,966. For financing, Ziffy Mortgage’s DSCR program evaluates $10,860/mo property income against a $3,181/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
$2,661 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77056, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,264 (100%) |
| Owner Occupied HU | 4,757 (29.2%) |
| Renter Occupied HU | 9,065 (55.7%) |
| Vacant Housing Units | 2,442 (15.0%) |
| Median Home Value | $765,546 |
| Average Home Value | $1,010,304 |
Housing Distribution
Address Breakdown
Residential
15,717
Single Family
3,539
Multi-Family
12,178
Businesses
2,208
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Listed by: Lisa Rimmer Iglesias • Keller Williams Memorial
Mls Name: HAR
Mls Provider:
Mls ID: #35157681
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