6623 Coral Ridge RdHoustonTX77069
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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 6623 Coral Ridge Rd, Houston, TX, 77069 offers a 11.22% rental yield on a $325,700 purchase with $3,044/mo rent. Total monthly income registers $3,044/mo, and a $1,594/mo payment leaves $605/mo available for distribution. Annual cash flow reaches $7,260/yr on $107,970 to close, and return on cash invested stands at 26.63% in year one. Equity gained on principal adds $2,102/yr while 5% annual appreciation supports $89,985 over five years. Portfolio math shows five-year ROI at 140.66% and total cumulative return in cash at $151,865. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,044/mo property income against a $1,594/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.31 Acres lot
$N/A/sqft
$123 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77069, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,774 (100%) |
| Owner Occupied HU | 5,137 (58.5%) |
| Renter Occupied HU | 3,036 (34.6%) |
| Vacant Housing Units | 601 ( 6.8%) |
| Median Home Value | $353,271 |
| Average Home Value | $373,289 |
Housing Distribution
Address Breakdown
Residential
9,319
Single Family
5,055
Multi-Family
4,264
Businesses
1,018
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