6034 Downwood Forest DrHoustonTX77088
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 6034 Downwood Forest Dr, Houston, TX, 77088 uses $114,334 cash to close to unlock $27,810/yr annual cash flow and $2,317/mo monthly cash flow. Total monthly income runs $4,795/mo, and a $1,688/mo payment keeps the spread at $2,317/mo. Purchase price stands at $344,900, and rental yield measures 16.68% with $4,795/mo rent. Return on cash invested shows 44.23% in year one, and 5% annual appreciation builds toward $95,290 over five years. Five-year ROI reaches 234.59% and total cumulative return in cash records $268,221. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,795/mo property income covering a $1,688/mo payment rather than investor’s personal income.
Single Family
Built in 1980
8,250 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77088, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,348 (100%) |
| Owner Occupied HU | 11,008 (56.9%) |
| Renter Occupied HU | 7,238 (37.4%) |
| Vacant Housing Units | 1,102 ( 5.7%) |
| Median Home Value | $222,266 |
| Average Home Value | $280,068 |
Housing Distribution
Address Breakdown
Residential
18,099
Single Family
14,602
Multi-Family
3,497
Businesses
571
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edward Garcia • Nan & Company Properties
Mls Name: HAR
Mls Provider:
Mls ID: #35786679
Disclaimer: Copyright 2024, 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.