651 Bering Dr UNIT 1101HoustonTX77057
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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 651 Bering Dr UNIT 1101, Houston, TX, 77057 uses $69,118 cash to close to unlock $1,253/yr annual cash flow and $104/mo monthly cash flow. Total monthly income runs $2,738/mo, and a $1,021/mo payment keeps the spread at $104/mo. Purchase price stands at $208,500, and rental yield measures 15.76% with $2,738/mo rent. Return on cash invested shows 21.72% in year one, and 5% annual appreciation builds toward $57,605 over five years. Five-year ROI reaches 121.06% and total cumulative return in cash records $83,677. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,738/mo property income covering a $1,021/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$990 monthly 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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