5415 Spellman RdHoustonTX77096
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
Investment property for sale in Houston at 5415 Spellman Rd, Houston, TX, 77096 uses $131,606 cash to close to unlock $1,411/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $3,238/mo, and a $1,943/mo payment keeps the spread at $118/mo. Purchase price stands at $397,000, and rental yield measures 9.79% with $3,238/mo rent. Return on cash invested shows 20.98% in year one, and 5% annual appreciation builds toward $109,684 over five years. Five-year ROI reaches 110.79% and total cumulative return in cash records $145,810. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,238/mo property income covering a $1,943/mo payment rather than investor’s personal income.
Single Family
Built in 1958
7,666 sqft lot
$N/A/sqft
$385 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77096, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,929 (100%) |
| Owner Occupied HU | 6,665 (41.8%) |
| Renter Occupied HU | 7,735 (48.6%) |
| Vacant Housing Units | 1,529 ( 9.6%) |
| Median Home Value | $426,564 |
| Average Home Value | $488,229 |
Housing Distribution
Address Breakdown
Residential
15,435
Single Family
7,815
Multi-Family
7,620
Businesses
762
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael DeTerlizzi • Nino Properties
Mls Name: HAR
Mls Provider:
Mls ID: #72341004
Disclaimer: Copyright 2025, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.