7925 Grove Ridge DrHoustonTX77061
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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
Total monthly income runs $869/mo, and a $587/mo payment. Purchase price stands at $120,000, and rental yield measures 8.69% with $869/mo rent. Return on cash invested shows 5.46% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 31.93% and total cumulative return in cash records $12,703. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $869/mo property income covering a $587/mo payment rather than investor’s personal income.
Townhouse
Built in 1972
952 sqft lot
$N/A/sqft
$495 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77061, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,747 (100%) |
| Owner Occupied HU | 3,350 (34.4%) |
| Renter Occupied HU | 5,233 (53.7%) |
| Vacant Housing Units | 1,164 (11.9%) |
| Median Home Value | $263,720 |
| Average Home Value | $319,527 |
Housing Distribution
Address Breakdown
Residential
9,088
Single Family
3,874
Multi-Family
5,214
Businesses
901
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Listed by: Leon Shapiro • RE/MAX Space Center
Mls Name: HAR
Mls Provider:
Mls ID: #55361392
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