6211 Ludington Dr #21-909HoustonTX77035
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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 6211 Ludington Dr #21-909, Houston, TX, 77035 listed at $128,295 pairs $1,980/mo rent with a $628/mo payment to leave $167/mo cash flow. Total monthly income runs $1,980/mo, and annual cash flow reaches $2,009/yr on $42,530 cash to close. Return on cash invested measures 24.63% in year one, and rental yield registers 18.52% at a $128,295 basis. Equity gained on principal adds $828/yr, and annual property appreciation at 5% supports $35,446 by year five. Five-year ROI tracks 138.64% and total cumulative return in cash totals $58,963. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,980/mo property income relative to a $628/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1983
N/A lot
$N/A/sqft
$854 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77035, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,070 (100%) |
| Owner Occupied HU | 5,341 (38.0%) |
| Renter Occupied HU | 7,467 (53.1%) |
| Vacant Housing Units | 1,262 ( 9.0%) |
| Median Home Value | $328,034 |
| Average Home Value | $345,633 |
Housing Distribution
Address Breakdown
Residential
15,713
Single Family
7,397
Multi-Family
8,316
Businesses
794
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