622 Witter StPasadenaTX77506
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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 Pasadena at 622 Witter St, Pasadena, TX, 77506 priced at $183,500 pairs $1,462/mo rent with $157/mo cash flow after a $898/mo payment. Total monthly income equals $1,462/mo, and annual cash flow comes to $1,887/yr on $60,830 invested. Return on cash invested is 23.01% in year one, and rental yield stands at 9.56% on a $183,500 basis. Equity gained on principal adds $1,184/yr, and 5% annual appreciation accumulates to $50,698 by year five. Five-year ROI measures 120.75% and total cumulative return in cash reaches $73,452. For financing, Ziffy Mortgage’s DSCR program evaluates $1,462/mo property income against a $898/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77506, Pasadena, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,225 (100%) |
| Owner Occupied HU | 4,655 (38.1%) |
| Renter Occupied HU | 6,171 (50.5%) |
| Vacant Housing Units | 1,399 (11.4%) |
| Median Home Value | $144,768 |
| Average Home Value | $191,502 |
Housing Distribution
Address Breakdown
Residential
11,596
Single Family
7,029
Multi-Family
4,567
Businesses
640
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