515 Tallowood Rd UNIT 9HoustonTX77024
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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 515 Tallowood Rd UNIT 9, Houston, TX, 77024 priced at $240,000 pairs $1,700/mo rent with after a $1,175/mo payment. Total monthly income equals $1,700/mo. Return on cash invested is 19.8% in year one, and rental yield stands at 8.5% on a $240,000 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,308 by year five. Five-year ROI measures 103.47% and total cumulative return in cash reaches $82,322. For financing, Ziffy Mortgage’s DSCR program evaluates $1,700/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.
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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