8002 Richland DrHoustonTX77028
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 8002 Richland Dr, Houston, TX, 77028 offers $1,361/mo rent that, after a $869/mo payment, leaves $99/mo cash flow. Total monthly income is $1,361/mo, and annual cash flow is $1,182/yr on $58,841 cash. Return on cash invested measures 21.92% in year one, and rental yield stands at 9.2% at a $177,500 entry. Equity gained on principal adds $1,145/yr while 5% annual appreciation compounds into $49,040 by year five. Five-year ROI records 114.88% and total cumulative return in cash reaches $67,596. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,361/mo property income versus a $869/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,021 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77028, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,191 (100%) |
| Owner Occupied HU | 4,060 (56.5%) |
| Renter Occupied HU | 2,469 (34.3%) |
| Vacant Housing Units | 662 ( 9.2%) |
| Median Home Value | $114,594 |
| Average Home Value | $151,161 |
Housing Distribution
Address Breakdown
Residential
7,180
Single Family
6,303
Multi-Family
877
Businesses
708
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