515 Tallowood Rd UNIT 50HoustonTX77024
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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 515 Tallowood Rd UNIT 50, Houston, TX, 77024 uses $65,637 cash to close to unlock $1,345/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $1,520/mo, and a $969/mo payment keeps the spread at $112/mo. Purchase price stands at $198,000, and rental yield measures 9.21% with $1,520/mo rent. Return on cash invested shows 21.96% in year one, and 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 115.09% and total cumulative return in cash records $75,544. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,520/mo property income covering a $969/mo payment rather than investor’s personal income.
Townhouse
Built in 1970
2.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77024, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,636 (100%) |
| Owner Occupied HU | 10,193 (54.7%) |
| Renter Occupied HU | 6,387 (34.3%) |
| Vacant Housing Units | 2,056 (11.0%) |
| Median Home Value | $1,152,422 |
| Average Home Value | $1,270,262 |
Housing Distribution
Address Breakdown
Residential
18,464
Single Family
8,893
Multi-Family
9,571
Businesses
2,413
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