7220 Karnes StHoustonTX77020
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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
Investment property for sale in Houston at 7220 Karnes St, Houston, TX, 77020 uses $58,009 cash to close to unlock $1,081/yr annual cash flow and $90/mo monthly cash flow. Total monthly income runs $1,334/mo, and a $856/mo payment keeps the spread at $90/mo. Purchase price stands at $174,990, and rental yield measures 9.15% with $1,334/mo rent. Return on cash invested shows 21.77% in year one, and 5% annual appreciation builds toward $48,347 over five years. Five-year ROI reaches 114.13% and total cumulative return in cash records $66,208. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,334/mo property income covering a $856/mo payment rather than investor’s personal income.
Multi Family
Built in 1940
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77020, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,365 (100%) |
| Owner Occupied HU | 4,634 (44.7%) |
| Renter Occupied HU | 4,606 (44.4%) |
| Vacant Housing Units | 1,125 (10.9%) |
| Median Home Value | $166,126 |
| Average Home Value | $235,260 |
Housing Distribution
Address Breakdown
Residential
9,635
Single Family
8,495
Multi-Family
1,140
Businesses
1,009
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Listed by: Cinthia Jones • The Agency Team
Mls Name: HAR
Mls Provider:
Mls ID: #55517333
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