62 Meadow Lea DrHoustonTX77022
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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 62 Meadow Lea Dr, Houston, TX, 77022 with 5% annual appreciation on a $265,500 basis while $2,420/mo rent supports operations. Total monthly income totals $2,420/mo and a $1,299/mo payment preserves $532/mo for cash returns. Annual cash flow comes to $6,390/yr on $88,013 deployed, and return on cash invested reaches 27.17% in year one. Equity gained on principal adds $1,713/yr, and five-year appreciation sums $73,353 alongside rental yield of 10.94%. Five-year ROI measures 143% and total cumulative return in cash totals $125,860.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,420/mo property income versus a $1,299/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2018
5,214 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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Listed by: Beverly Marshall • JPAR-The Sears Group
Mls Name: HAR
Mls Provider:
Mls ID: #2375483
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