806 Lyngrove DrHoustonTX77038
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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 806 Lyngrove Dr, Houston, TX, 77038 uses $59,670 cash to close to unlock $912/yr annual cash flow and $76/mo monthly cash flow. Total monthly income runs $1,356/mo, and a $881/mo payment keeps the spread at $76/mo. Purchase price stands at $180,000, and rental yield measures 9.04% with $1,356/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 112.23% and total cumulative return in cash records $66,965. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,356/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1961
6,930 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77038, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,829 (100%) |
| Owner Occupied HU | 5,002 (50.9%) |
| Renter Occupied HU | 4,388 (44.6%) |
| Vacant Housing Units | 439 ( 4.5%) |
| Median Home Value | $226,634 |
| Average Home Value | $311,773 |
Housing Distribution
Address Breakdown
Residential
9,283
Single Family
6,957
Multi-Family
2,326
Businesses
519
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Listed by: Megan Garza • Nan & Company Properties
Mls Name: HAR
Mls Provider:
Mls ID: #73170327
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