53 Litchfield LnHoustonTX77024
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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 53 Litchfield Ln, Houston, TX, 77024 offers $3,340/mo rent that, after a $1,789/mo payment, leaves $106/mo cash flow. Total monthly income is $3,340/mo, and annual cash flow is $1,271/yr on $121,150 cash. Return on cash invested measures 20.96% in year one, and rental yield stands at 10.97% at a $365,460 entry. Equity gained on principal adds $2,358/yr while 5% annual appreciation compounds into $100,970 by year five. Five-year ROI records 111.95% and total cumulative return in cash reaches $135,632. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,340/mo property income versus a $1,789/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1977
1,023 sqft lot
$N/A/sqft
$635 monthly 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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Listed by: David Walter • Keller Williams Memorial
Mls Name: HAR
Mls Provider:
Mls ID: #84457842
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