602 Blanding DrHoustonTX77015
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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 602 Blanding Dr, Houston, TX, 77015 with 5% annual appreciation on a $199,000 basis while $3,191/mo rent supports operations. Total monthly income totals $3,191/mo and a $974/mo payment preserves $1,776/mo for cash returns. Annual cash flow comes to $21,311/yr on $65,969 deployed, and return on cash invested reaches 52.21% in year one. Equity gained on principal adds $1,284/yr, and five-year appreciation sums $54,980 alongside rental yield of 19.24%. Five-year ROI measures 277.29% and total cumulative return in cash totals $182,922.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,191/mo property income versus a $974/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77015, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,647 (100%) |
| Owner Occupied HU | 9,361 (47.6%) |
| Renter Occupied HU | 8,742 (44.5%) |
| Vacant Housing Units | 1,544 ( 7.9%) |
| Median Home Value | $189,541 |
| Average Home Value | $256,734 |
Housing Distribution
Address Breakdown
Residential
18,481
Single Family
13,759
Multi-Family
4,722
Businesses
1,566
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Listed by: Edward Espinosa • JLA Realty
Mls Name: HAR
Mls Provider:
Mls ID: #45270858
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