5609 Leeland St APT 8HoustonTX77023
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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 5609 Leeland St APT 8, Houston, TX, 77023 offers a 1.67% rental yield on a $799,999 purchase with $1,115/mo rent. 8% in year one. Equity gained on principal adds $5,162/yr while 5% annual appreciation supports $221,025 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,115/mo property income against a $3,916/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1950
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77023, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,449 (100%) |
| Owner Occupied HU | 4,708 (41.1%) |
| Renter Occupied HU | 5,593 (48.9%) |
| Vacant Housing Units | 1,148 (10.0%) |
| Median Home Value | $327,051 |
| Average Home Value | $347,036 |
Housing Distribution
Address Breakdown
Residential
10,991
Single Family
8,014
Multi-Family
2,977
Businesses
945
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Listed by: David Gutierrez • Prime Realty Group
Mls Name: HAR
Mls Provider:
Mls ID: #7247516
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