710 Charles StPasadenaTX77506
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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 Pasadena at 710 Charles St, Pasadena, TX, 77506 priced at $185,000 converts $1,739/mo rent into $424/mo cash flow after a $905/mo obligation. Total monthly income equals $1,739/mo, and annual cash flow totals $5,087/yr on $61,328 invested. Return on cash invested prints 28.2% in year one, and rental yield reads 11.28% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 148.54% and total cumulative return in cash sums $91,095. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,739/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1942
6,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77506, Pasadena, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,225 (100%) |
| Owner Occupied HU | 4,655 (38.1%) |
| Renter Occupied HU | 6,171 (50.5%) |
| Vacant Housing Units | 1,399 (11.4%) |
| Median Home Value | $144,768 |
| Average Home Value | $191,502 |
Housing Distribution
Address Breakdown
Residential
11,596
Single Family
7,029
Multi-Family
4,567
Businesses
640
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