7704 Elvera StHoustonTX77012
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
Rental property for sale in Houston at 7704 Elvera St, Houston, TX, 77012 priced at $225,000 converts $1,885/mo rent into $242/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,885/mo, and annual cash flow totals $2,903/yr on $74,588 invested. Return on cash invested prints 23.8% in year one, and rental yield reads 10.05% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 125.16% and total cumulative return in cash sums $93,357. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,885/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1940
5,000 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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Nearby investment properties with comparable prices
Listed by: Carlos Garcia II • Carlos Garcia Realty, Inc.
Mls Name: HAR
Mls Provider:
Mls ID: #85182336
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