706 Redondo DrHoustonTX77015
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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 706 Redondo Dr, Houston, TX, 77015 generates $2,058/mo in rent and, after a $762/mo payment, leaves $951/mo in cash flow. Total monthly income is $2,058/mo, and annual cash flow is $11,413/yr on $51,585 invested. Return on cash invested sits at 42.03% in year one, and rental yield is 15.87% on a $155,610 entry. Equity gained on principal adds $1,004/yr, while 5% annual appreciation builds toward $42,992 over five years. Five-year ROI reaches 222.82% and total cumulative return in cash sums $114,939. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,058/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
7,884 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77015, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,647 (100%) |
| Owner Occupied HU | 9,361 (47.6%) |
| Renter Occupied HU | 8,742 (44.5%) |
| Vacant Housing Units | 1,544 ( 7.9%) |
| Median Home Value | $189,541 |
| Average Home Value | $256,734 |
Housing Distribution
Address Breakdown
Residential
18,481
Single Family
13,759
Multi-Family
4,722
Businesses
1,566
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