7515 Canal StHoustonTX77012
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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 7515 Canal St, Houston, TX, 77012 listed at $149,000 pairs $1,121/mo rent with a $729/mo payment to leave $62/mo cash flow. Total monthly income runs $1,121/mo, and annual cash flow reaches $741/yr on $49,394 cash to close. Return on cash invested measures 21.41% in year one, and rental yield registers 9.03% at a $149,000 basis. Equity gained on principal adds $961/yr, and annual property appreciation at 5% supports $41,166 by year five. Five-year ROI tracks 112.1% and total cumulative return in cash totals $55,372. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,121/mo property income relative to a $729/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
3,123 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77012, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,027 (100%) |
| Owner Occupied HU | 2,450 (34.9%) |
| Renter Occupied HU | 3,762 (53.5%) |
| Vacant Housing Units | 815 (11.6%) |
| Median Home Value | $166,435 |
| Average Home Value | $203,859 |
Housing Distribution
Address Breakdown
Residential
6,550
Single Family
4,363
Multi-Family
2,187
Businesses
464
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Listed by: Winston Wells • Compass RE Texas, LLC - Houston
Mls Name: HAR
Mls Provider:
Mls ID: #71345381
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