506 Rivergrove DrHoustonTX77015
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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 Houston at 506 Rivergrove Dr, Houston, TX, 77015 offers a 11.27% rental yield on a $294,750 purchase with $2,768/mo rent. Total monthly income registers $2,768/mo, and a $1,443/mo payment leaves $642/mo available for distribution. Annual cash flow reaches $7,710/yr on $97,710 to close, and return on cash invested stands at 27.8% in year one. Equity gained on principal adds $1,902/yr while 5% annual appreciation supports $81,434 over five years. Portfolio math shows five-year ROI at 146.51% and total cumulative return in cash at $143,156. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,768/mo property income against a $1,443/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
8,219 sqft lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77015, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,647 (100%) |
| Owner Occupied HU | 9,361 (47.6%) |
| Renter Occupied HU | 8,742 (44.5%) |
| Vacant Housing Units | 1,544 ( 7.9%) |
| Median Home Value | $189,541 |
| Average Home Value | $256,734 |
Housing Distribution
Address Breakdown
Residential
18,481
Single Family
13,759
Multi-Family
4,722
Businesses
1,566
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Listed by: Marco Salazar • Ai Realty
Mls Name: HAR
Mls Provider:
Mls ID: #72715980
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