616 Lester StHoustonTX77007
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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
Total monthly income runs $3,202/mo, and a $2,883/mo payment. Purchase price stands at $589,000, and rental yield measures 6.52% with $3,202/mo rent. Return on cash invested shows 13.95% in year one, and 5% annual appreciation builds toward $162,730 over five years. Five-year ROI reaches 72.08% and total cumulative return in cash records $139,682. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,202/mo property income covering a $2,883/mo payment rather than investor’s personal income.
Townhouse
Built in 2000
1,661 sqft lot
$N/A/sqft
No 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: Nick Mehdi • NB Elite Realty
Mls Name: HAR
Mls Provider:
Mls ID: #2681243
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