738 Country Place Dr APT CHoustonTX77079
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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 738 Country Place Dr APT C, Houston, TX, 77079 priced at $322,000 converts $3,089/mo rent into $799/mo cash flow after a $1,576/mo obligation. Total monthly income equals $3,089/mo, and annual cash flow totals $9,591/yr on $106,743 invested. Return on cash invested prints 28.89% in year one, and rental yield reads 11.51% against a $322,000 entry. Equity gained on principal adds $2,078/yr, while 5% annual appreciation compiles into $88,963 by year five. Five-year ROI reaches 152.27% and total cumulative return in cash sums $162,535. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,089/mo property income covering a $1,576/mo payment, not borrower’s personal income.
Townhouse
Built in 1979
2,217 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77079, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,372 (100%) |
| Owner Occupied HU | 7,919 (48.4%) |
| Renter Occupied HU | 6,617 (40.4%) |
| Vacant Housing Units | 1,836 (11.2%) |
| Median Home Value | $619,062 |
| Average Home Value | $664,611 |
Housing Distribution
Address Breakdown
Residential
15,936
Single Family
7,826
Multi-Family
8,110
Businesses
1,827
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