803 Algona AveHoustonTX77008
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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
Investment property for sale in Houston at 803 Algona Ave, Houston, TX, 77008 with 5% annual appreciation on a $475,000 basis while $4,432/mo rent supports operations. Total monthly income totals $4,432/mo and a $2,325/mo payment preserves $713/mo for cash returns. Annual cash flow comes to $8,559/yr on $157,463 deployed, and return on cash invested reaches 25.34% in year one. Equity gained on principal adds $3,065/yr, and five-year appreciation sums $131,234 alongside rental yield of 11.2%. Five-year ROI measures 134.16% and total cumulative return in cash totals $211,255.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,432/mo property income versus a $2,325/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2015
1,742 sqft lot
$N/A/sqft
$283 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77008, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,031 (100%) |
| Owner Occupied HU | 11,593 (50.3%) |
| Renter Occupied HU | 9,475 (41.1%) |
| Vacant Housing Units | 1,963 ( 8.5%) |
| Median Home Value | $542,417 |
| Average Home Value | $635,144 |
Housing Distribution
Address Breakdown
Residential
23,112
Single Family
15,285
Multi-Family
7,827
Businesses
1,930
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Listed by: Marta Peralta • Keller Williams Realty Metropolitan
Mls Name: HAR
Mls Provider:
Mls ID: #15451102
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