661 Bering Dr UNIT 207HoustonTX77057
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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 661 Bering Dr UNIT 207, Houston, TX, 77057 offers a 16.64% rental yield on a $169,200 purchase with $2,346/mo rent. Total monthly income registers $2,346/mo, and a $828/mo payment leaves $209/mo available for distribution. Annual cash flow reaches $2,504/yr on $56,090 to close, and return on cash invested stands at 24.37% in year one. Equity gained on principal adds $1,092/yr while 5% annual appreciation supports $46,747 over five years. Portfolio math shows five-year ROI at 135.25% and total cumulative return in cash at $75,862. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,346/mo property income against a $828/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
N/A lot
$N/A/sqft
$893 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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