7024 Avenue EHoustonTX77011
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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 7024 Avenue E, Houston, TX, 77011 generates $1,702/mo in rent and, after a $738/mo payment, leaves $630/mo in cash flow. Total monthly income is $1,702/mo, and annual cash flow is $7,556/yr on $49,997 invested. Return on cash invested sits at 35.02% in year one, and rental yield is 13.54% on a $150,819 entry. Equity gained on principal adds $973/yr, while 5% annual appreciation builds toward $41,669 over five years. Five-year ROI reaches 185.12% and total cumulative return in cash sums $92,555. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,702/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77011, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,200 (100%) |
| Owner Occupied HU | 2,652 (36.8%) |
| Renter Occupied HU | 3,637 (50.5%) |
| Vacant Housing Units | 911 (12.7%) |
| Median Home Value | $275,399 |
| Average Home Value | $292,701 |
Housing Distribution
Address Breakdown
Residential
7,107
Single Family
6,508
Multi-Family
599
Businesses
993
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