7239 Ridge Oak DrHoustonTX77088
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
Investment property for sale in Houston at 7239 Ridge Oak Dr, Houston, TX, 77088 uses $95,804 cash to close to unlock $25,181/yr annual cash flow and $2,098/mo monthly cash flow. Total monthly income runs $4,154/mo, and a $1,415/mo payment keeps the spread at $2,098/mo. Purchase price stands at $289,000, and rental yield measures 17.25% with $4,154/mo rent. Return on cash invested shows 46.19% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 245.03% and total cumulative return in cash records $234,746. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,154/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77088, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,348 (100%) |
| Owner Occupied HU | 11,008 (56.9%) |
| Renter Occupied HU | 7,238 (37.4%) |
| Vacant Housing Units | 1,102 ( 5.7%) |
| Median Home Value | $222,266 |
| Average Home Value | $280,068 |
Housing Distribution
Address Breakdown
Residential
18,099
Single Family
14,602
Multi-Family
3,497
Businesses
571
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Listed by: Jose Portillo • HomeSmart
Mls Name: HAR
Mls Provider:
Mls ID: #38596233
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