506 ChitwoodHoustonTX77094
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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 506 Chitwood, Houston, TX, 77094 priced at $464,000 converts $3,191/mo rent into after a $2,271/mo obligation. Total monthly income equals $3,191/mo. Return on cash invested prints 18.22% in year one, and rental yield reads 8.25% against a $464,000 entry. Equity gained on principal adds $2,994/yr, while 5% annual appreciation compiles into $128,195 by year five. Five-year ROI reaches 95.31% and total cumulative return in cash sums $146,601. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,191/mo property income covering a $2,271/mo payment, not borrower’s personal income.
Single Family
Built in 1995
7,579 sqft lot
$N/A/sqft
$1,296 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77094, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,808 (100%) |
| Owner Occupied HU | 2,751 (57.2%) |
| Renter Occupied HU | 1,823 (37.9%) |
| Vacant Housing Units | 234 ( 4.9%) |
| Median Home Value | $458,862 |
| Average Home Value | $508,566 |
Housing Distribution
Address Breakdown
Residential
3,813
Single Family
3,066
Multi-Family
747
Businesses
646
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Listed by: Cherie Sisneros • EXIT Realty Advisors
Mls Name: SABOR
Mls Provider:
Mls ID: #1884604
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.