7041 Evans StHoustonTX77061
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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 7041 Evans St, Houston, TX, 77061 uses $162,435 cash to close to unlock $26,638/yr annual cash flow and $2,220/mo monthly cash flow. Total monthly income runs $5,704/mo, and a $2,398/mo payment keeps the spread at $2,220/mo. Purchase price stands at $490,000, and rental yield measures 13.97% with $5,704/mo rent. Return on cash invested shows 36.31% in year one, and 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 191.98% and total cumulative return in cash records $311,844. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,704/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in 1946
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77061, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,747 (100%) |
| Owner Occupied HU | 3,350 (34.4%) |
| Renter Occupied HU | 5,233 (53.7%) |
| Vacant Housing Units | 1,164 (11.9%) |
| Median Home Value | $263,720 |
| Average Home Value | $319,527 |
Housing Distribution
Address Breakdown
Residential
9,088
Single Family
3,874
Multi-Family
5,214
Businesses
901
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Listed by: Victorino Cortez • Lions Gate Realty
Mls Name: HAR
Mls Provider:
Mls ID: #51150580
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