6931 Wagonwheel LnHoustonTX77088
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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
Investment property for sale in Houston at 6931 Wagonwheel Ln, Houston, TX, 77088 earns $589/mo cash flow from $2,462/mo rent with a $1,289/mo payment. Total monthly income totals $2,462/mo, and annual cash flow totals $7,072/yr on $87,283 capital. ROI tracks 28.01% on current figures, and rental yield reads 11.22% at a $263,297 purchase. Equity gained on principal adds $1,699/yr, and 5% annual appreciation supports $72,744 over five years. Five-year ROI reaches 147.53% and total cumulative return in cash sums $128,769. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,462/mo property income instead of your personal income.
Single Family
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77088, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,348 (100%) |
| Owner Occupied HU | 11,008 (56.9%) |
| Renter Occupied HU | 7,238 (37.4%) |
| Vacant Housing Units | 1,102 ( 5.7%) |
| Median Home Value | $222,266 |
| Average Home Value | $280,068 |
Housing Distribution
Address Breakdown
Residential
18,099
Single Family
14,602
Multi-Family
3,497
Businesses
571
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Nearby investment properties with comparable prices
Listed by: Jonathan Pharr • 5X REALTY
Mls Name: HAR
Mls Provider:
Mls ID: #50278930
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