550 Redan StHoustonTX77009
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 550 Redan St, Houston, TX, 77009 offers a 4.54% rental yield on a $1,250,000 purchase with $4,729/mo rent. 04% in year one. Equity gained on principal adds $8,066/yr while 5% annual appreciation supports $345,352 over five years. Portfolio math shows five-year ROI at 40.37% and total cumulative return in cash at $163,489. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,729/mo property income against a $6,118/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77009, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,523 (100%) |
| Owner Occupied HU | 8,741 (47.2%) |
| Renter Occupied HU | 7,637 (41.2%) |
| Vacant Housing Units | 2,145 (11.6%) |
| Median Home Value | $456,534 |
| Average Home Value | $535,539 |
Housing Distribution
Address Breakdown
Residential
17,392
Single Family
13,992
Multi-Family
3,400
Businesses
1,035
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michele Alexander • Martha Turner Sotheby's International Realty
Mls Name: HAR
Mls Provider:
Mls ID: #39979894
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.