815 Spates StChannelviewTX77530
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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 Channelview at 815 Spates St, Channelview, TX, 77530 priced at $100,000 converts $2,563/mo rent into $1,852/mo cash flow after a $489/mo obligation. Total monthly income equals $2,563/mo, and annual cash flow totals $22,228/yr on $33,150 invested. Return on cash invested prints 86.96% in year one, and rental yield reads 30.76% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 463.76% and total cumulative return in cash sums $153,736. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,563/mo property income covering a $489/mo payment, not borrower’s personal income.
Single Family
Built in 1969
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77530, Channelview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,617 (100%) |
| Owner Occupied HU | 7,363 (63.4%) |
| Renter Occupied HU | 3,581 (30.8%) |
| Vacant Housing Units | 673 ( 5.8%) |
| Median Home Value | $216,238 |
| Average Home Value | $308,495 |
Housing Distribution
Address Breakdown
Residential
10,464
Single Family
10,059
Multi-Family
405
Businesses
833
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Listed by: Edward McClintick • Joseph Walter Realty, LLC
Mls Name: HAR
Mls ID: #55717570