7950 Grove Ridge DrHoustonTX77061
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 7950 Grove Ridge Dr, Houston, TX, 77061 earns from $874/mo rent with a $551/mo payment. Total monthly income totals $874/mo. ROI tracks 6.51% on current figures, and rental yield reads 9.32% at a $112,500 purchase. Equity gained on principal adds $726/yr, and 5% annual appreciation supports $31,082 over five years. Five-year ROI reaches 37.98% and total cumulative return in cash sums $14,164. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $874/mo property income instead of your personal income.
Townhouse
Built in 1972
764 sqft lot
$N/A/sqft
$490 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eneyda Rodriguez • JLA Realty
Mls Name: HAR
Mls Provider:
Mls ID: #51369976
Disclaimer: Copyright 2025, 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.