6007 Memorial Dr UNIT 301HoustonTX77007
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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 6007 Memorial Dr UNIT 301, Houston, TX, 77007 offers a 11.68% rental yield on a $940,000 purchase with $9,150/mo rent. Total monthly income registers $9,150/mo, and a $4,601/mo payment leaves $1,665/mo available for distribution. Annual cash flow reaches $19,984/yr on $309,260 to close, and return on cash invested stands at 26.52% in year one. Equity gained on principal adds $6,066/yr while 5% annual appreciation supports $259,705 over five years. Portfolio math shows five-year ROI at 140.62% and total cumulative return in cash at $434,886. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $9,150/mo property income against a $4,601/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
N/A lot
$N/A/sqft
$800 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77007, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,945 (100%) |
| Owner Occupied HU | 11,105 (37.1%) |
| Renter Occupied HU | 16,284 (54.4%) |
| Vacant Housing Units | 2,556 ( 8.5%) |
| Median Home Value | $494,222 |
| Average Home Value | $609,203 |
Housing Distribution
Address Breakdown
Residential
30,067
Single Family
14,688
Multi-Family
15,379
Businesses
2,062
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Listed by: Beth Cassidy • Winhill Advisors - Kirby
Mls Name: HAR
Mls Provider:
Mls ID: #58627610
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