807 Steele Rd #AHighlandsTX77562
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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
Rental property for sale in Highlands at 807 Steele Rd #A, Highlands, TX, 77562 priced at $681,000 converts $6,140/mo rent into $1,297/mo cash flow after a $3,333/mo obligation. Total monthly income equals $6,140/mo, and annual cash flow totals $15,569/yr on $224,049 invested. Return on cash invested prints 27.01% in year one, and rental yield reads 10.82% against a $681,000 entry. Equity gained on principal adds $4,394/yr, while 5% annual appreciation compiles into $188,148 by year five. Five-year ROI reaches 142.11% and total cumulative return in cash sums $318,398. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,140/mo property income covering a $3,333/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77562, Highlands, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,559 (100%) |
| Owner Occupied HU | 3,712 (66.8%) |
| Renter Occupied HU | 1,465 (26.4%) |
| Vacant Housing Units | 382 ( 6.9%) |
| Median Home Value | $283,692 |
| Average Home Value | $324,989 |
Housing Distribution
Address Breakdown
Residential
3,960
Single Family
3,836
Multi-Family
124
Businesses
268
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