748 W 16th St UNIT CHoustonTX77008
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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 748 W 16th St UNIT C, Houston, TX, 77008 uses $162,435 cash to close to unlock $11,867/yr annual cash flow and $989/mo monthly cash flow. Total monthly income runs $4,480/mo, and a $2,398/mo payment keeps the spread at $989/mo. Purchase price stands at $490,000, and rental yield measures 10.97% with $4,480/mo rent. Return on cash invested shows 27.21% in year one, and 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 143.24% and total cumulative return in cash records $232,668. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,480/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Townhouse
Built in 2007
2,354 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77008, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,031 (100%) |
| Owner Occupied HU | 11,593 (50.3%) |
| Renter Occupied HU | 9,475 (41.1%) |
| Vacant Housing Units | 1,963 ( 8.5%) |
| Median Home Value | $542,417 |
| Average Home Value | $635,144 |
Housing Distribution
Address Breakdown
Residential
23,112
Single Family
15,285
Multi-Family
7,827
Businesses
1,930
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Listed by: Radford Byerly • John Byerly Properties
Mls Name: HAR
Mls Provider:
Mls ID: #8321967
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