6237 Locke LnHoustonTX77057
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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 6237 Locke Ln, Houston, TX, 77057 with 5% annual appreciation on a $559,000 basis while $4,991/mo rent supports operations. Total monthly income totals $4,991/mo and a $2,736/mo payment preserves $896/mo for cash returns. Annual cash flow comes to $10,747/yr on $183,911 deployed, and return on cash invested reaches 25.9% in year one. Equity gained on principal adds $3,607/yr, and five-year appreciation sums $154,441 alongside rental yield of 10.71%. Five-year ROI measures 136.46% and total cumulative return in cash totals $250,971.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,991/mo property income versus a $2,736/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
7,588 sqft lot
$N/A/sqft
$1,444 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77057, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,665 (100%) |
| Owner Occupied HU | 7,302 (29.6%) |
| Renter Occupied HU | 14,773 (59.9%) |
| Vacant Housing Units | 2,590 (10.5%) |
| Median Home Value | $433,587 |
| Average Home Value | $626,740 |
Housing Distribution
Address Breakdown
Residential
24,132
Single Family
5,548
Multi-Family
18,584
Businesses
2,720
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Listed by: Cameron Namazi • Summit Realty
Mls Name: HAR
Mls Provider:
Mls ID: #97089574
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