609 Reid StHoustonTX77022
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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
Rental property for sale in Houston at 609 Reid St, Houston, TX, 77022 offers $1,892/mo rent that, after a $1,708/mo payment. Total monthly income is $1,892/mo. Return on cash invested measures 13.79% in year one, and rental yield stands at 6.51% at a $349,000 entry. Equity gained on principal adds $2,252/yr while 5% annual appreciation compounds into $96,422 by year five. Five-year ROI records 71.28% and total cumulative return in cash reaches $82,464. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,892/mo property income versus a $1,708/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77022, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,188 (100%) |
| Owner Occupied HU | 4,348 (38.9%) |
| Renter Occupied HU | 5,798 (51.8%) |
| Vacant Housing Units | 1,042 ( 9.3%) |
| Median Home Value | $234,249 |
| Average Home Value | $306,751 |
Housing Distribution
Address Breakdown
Residential
10,861
Single Family
8,003
Multi-Family
2,858
Businesses
1,424
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