6507 Ridgeway DrHoustonTX77087
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 6507 Ridgeway Dr, Houston, TX, 77087 priced at $160,000 pairs $1,245/mo rent with $107/mo cash flow after a $783/mo payment. Total monthly income equals $1,245/mo, and annual cash flow comes to $1,288/yr on $53,040 invested. Return on cash invested is 22.34% in year one, and rental yield stands at 9.34% on a $160,000 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 117.15% and total cumulative return in cash reaches $62,138. For financing, Ziffy Mortgage’s DSCR program evaluates $1,245/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
7,048 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77087, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,785 (100%) |
| Owner Occupied HU | 5,878 (49.9%) |
| Renter Occupied HU | 5,168 (43.9%) |
| Vacant Housing Units | 739 ( 6.3%) |
| Median Home Value | $172,518 |
| Average Home Value | $209,287 |
Housing Distribution
Address Breakdown
Residential
11,608
Single Family
8,717
Multi-Family
2,891
Businesses
1,477
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Nearby investment properties with comparable prices
Listed by: Diego Huerta • Go Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #94182166
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