615 Kipling St APT 7HoustonTX77006
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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 615 Kipling St APT 7, Houston, TX, 77006 offers a 9.84% rental yield on a $199,000 purchase with $1,632/mo rent. Total monthly income registers $1,632/mo, and a $974/mo payment leaves $20/mo available for distribution. Annual cash flow reaches $245/yr on $65,969 to close, and return on cash invested stands at 20.28% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 107.37% and total cumulative return in cash at $70,830. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,632/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1967
10,649 sqft lot
$N/A/sqft
$164 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77006, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,048 (100%) |
| Owner Occupied HU | 4,703 (29.3%) |
| Renter Occupied HU | 9,510 (59.3%) |
| Vacant Housing Units | 1,835 (11.4%) |
| Median Home Value | $584,748 |
| Average Home Value | $699,120 |
Housing Distribution
Address Breakdown
Residential
16,540
Single Family
7,006
Multi-Family
9,534
Businesses
1,141
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Listed by: Amy Lynch Kolflat • Walzel Properties - Corporate Office
Mls Name: HAR
Mls Provider:
Mls ID: #45518143
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