709 Washington StSouth HoustonTX77587
Nearby investment properties with comparable rents
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
Rental property for sale in South Houston at 709 Washington St, South Houston, TX, 77587 priced at $139,999 converts $1,852/mo rent into $857/mo cash flow after a $685/mo obligation. Total monthly income equals $1,852/mo, and annual cash flow totals $10,280/yr on $46,410 invested. Return on cash invested prints 42.06% in year one, and rental yield reads 15.87% against a $139,999 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 222.85% and total cumulative return in cash sums $103,426. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,852/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1950
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77587, South Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,305 (100%) |
| Owner Occupied HU | 2,708 (51.0%) |
| Renter Occupied HU | 2,214 (41.7%) |
| Vacant Housing Units | 383 ( 7.2%) |
| Median Home Value | $220,896 |
| Average Home Value | $255,766 |
Housing Distribution
Address Breakdown
Residential
5,116
Single Family
3,965
Multi-Family
1,151
Businesses
966
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Listed by: Tracie Conyers • Keller Williams Elite
Mls Name: HAR
Mls Provider:
Mls ID: #91437855
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