816 E 38th St #BHoustonTX77022
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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 Houston at 816 E 38th St #B, Houston, TX, 77022 priced at $464,990 pairs $3,714/mo rent with $407/mo cash flow after a $2,276/mo payment. Total monthly income equals $3,714/mo, and annual cash flow comes to $4,887/yr on $154,144 invested. Return on cash invested is 23.08% in year one, and rental yield stands at 9.58% on a $464,990 basis. Equity gained on principal adds $3,001/yr, and 5% annual appreciation accumulates to $128,468 by year five. Five-year ROI measures 121.08% and total cumulative return in cash reaches $186,632. For financing, Ziffy Mortgage’s DSCR program evaluates $3,714/mo property income against a $2,276/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
2,661 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77022, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,188 (100%) |
| Owner Occupied HU | 4,348 (38.9%) |
| Renter Occupied HU | 5,798 (51.8%) |
| Vacant Housing Units | 1,042 ( 9.3%) |
| Median Home Value | $234,249 |
| Average Home Value | $306,751 |
Housing Distribution
Address Breakdown
Residential
10,861
Single Family
8,003
Multi-Family
2,858
Businesses
1,424
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Listed by: Zain Momin • Atlas Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #33337305
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