507 Coral StHoustonTX77023
Nearby investment properties with comparable rents
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 507 Coral St, Houston, TX, 77023 priced at $389,500 converts $3,468/mo rent into $699/mo cash flow after a $1,906/mo obligation. Total monthly income equals $3,468/mo, and annual cash flow totals $8,383/yr on $129,119 invested. Return on cash invested prints 26.4% in year one, and rental yield reads 10.68% against a $389,500 entry. Equity gained on principal adds $2,513/yr, while 5% annual appreciation compiles into $107,612 by year five. Five-year ROI reaches 138.87% and total cumulative return in cash sums $179,311. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,468/mo property income covering a $1,906/mo payment, not borrower’s personal income.
Single Family
Built in 1949
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77023, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,449 (100%) |
| Owner Occupied HU | 4,708 (41.1%) |
| Renter Occupied HU | 5,593 (48.9%) |
| Vacant Housing Units | 1,148 (10.0%) |
| Median Home Value | $327,051 |
| Average Home Value | $347,036 |
Housing Distribution
Address Breakdown
Residential
10,991
Single Family
8,014
Multi-Family
2,977
Businesses
945
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Nearby investment properties with comparable prices
Listed by: Julieta Gutierrez • Keller Williams Realty Metropolitan
Mls Name: HAR
Mls Provider:
Mls ID: #73125622
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