6315 Mohawk StHoustonTX77016
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Houston at 6315 Mohawk St, Houston, TX, 77016 offers $1,717/mo rent that, after a $1,175/mo payment, leaves $10/mo cash flow. Total monthly income is $1,717/mo, and annual cash flow is $120/yr on $79,560 cash. Return on cash invested measures 20.06% in year one, and rental yield stands at 8.58% at a $240,000 entry. Equity gained on principal adds $1,549/yr while 5% annual appreciation compounds into $66,308 by year five. Five-year ROI records 104.84% and total cumulative return in cash reaches $83,414. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,717/mo property income versus a $1,175/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
6,298 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77016, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,727 (100%) |
| Owner Occupied HU | 7,091 (60.5%) |
| Renter Occupied HU | 3,758 (32.0%) |
| Vacant Housing Units | 878 ( 7.5%) |
| Median Home Value | $122,354 |
| Average Home Value | $212,209 |
Housing Distribution
Address Breakdown
Residential
11,431
Single Family
10,633
Multi-Family
798
Businesses
550
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