7722 Richmond AveHoustonTX77063
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 7722 Richmond Ave, Houston, TX, 77063 earns $1,316/mo cash flow from $4,308/mo rent with a $1,884/mo payment. Total monthly income totals $4,308/mo, and annual cash flow totals $15,786/yr on $127,628 capital. ROI tracks 32.28% on current figures, and rental yield reads 13.43% at a $385,000 purchase. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,368 over five years. Five-year ROI reaches 171.26% and total cumulative return in cash sums $218,578. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,308/mo property income instead of your personal income.
Single Family
Built in 1960
10,800 sqft lot
$N/A/sqft
$855 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77063, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,779 (100%) |
| Owner Occupied HU | 4,830 (23.2%) |
| Renter Occupied HU | 13,700 (65.9%) |
| Vacant Housing Units | 2,249 (10.8%) |
| Median Home Value | $390,426 |
| Average Home Value | $482,774 |
Housing Distribution
Address Breakdown
Residential
19,428
Single Family
3,609
Multi-Family
15,819
Businesses
2,003
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thajbh Ajlan • Nan & Company Properties
Mls Name: HAR
Mls Provider:
Mls ID: #82101400
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.