700 Thicket Ln APT 301HoustonTX77079
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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
Rental property for sale in Houston at 700 Thicket Ln APT 301, Houston, TX, 77079 generates $1,218/mo in rent, after a $773/mo payment. Total monthly income is $1,218/mo. Return on cash invested sits at 14.15% in year one, and rental yield is 9.25% on a $157,990 entry. Equity gained on principal adds $1,019/yr, while 5% annual appreciation builds toward $43,650 over five years. Five-year ROI reaches 76.08% and total cumulative return in cash sums $39,846. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,218/mo property income rather than buyer’s personal income.
Condo
Built in 1979
1.52 Acres lot
$N/A/sqft
$346 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77079, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,372 (100%) |
| Owner Occupied HU | 7,919 (48.4%) |
| Renter Occupied HU | 6,617 (40.4%) |
| Vacant Housing Units | 1,836 (11.2%) |
| Median Home Value | $619,062 |
| Average Home Value | $664,611 |
Housing Distribution
Address Breakdown
Residential
15,936
Single Family
7,826
Multi-Family
8,110
Businesses
1,827
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Listed by: Faheem Ghaffar • REALM Real Estate Professionals - Sugar Land
Mls Name: HAR
Mls Provider:
Mls ID: #46506471
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