8231 Schaffer LnHoustonTX77070
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 8231 Schaffer Ln, Houston, TX, 77070 listed at $285,000 pairs $1,974/mo rent with a $1,395/mo payment. Total monthly income runs $1,974/mo. Return on cash invested measures 18.34% in year one, and rental yield registers 8.31% at a $285,000 basis. Equity gained on principal adds $1,839/yr, and annual property appreciation at 5% supports $78,740 by year five. Five-year ROI tracks 95.99% and total cumulative return in cash totals $90,690. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,974/mo property income relative to a $1,395/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1973
9,700 sqft lot
$N/A/sqft
$850 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77070, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,485 (100%) |
| Owner Occupied HU | 10,944 (44.7%) |
| Renter Occupied HU | 11,655 (47.6%) |
| Vacant Housing Units | 1,886 ( 7.7%) |
| Median Home Value | $303,431 |
| Average Home Value | $367,052 |
Housing Distribution
Address Breakdown
Residential
23,896
Single Family
12,639
Multi-Family
11,257
Businesses
2,542
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Listed by: Laisha Martinez • Only 1 Realty Group
Mls Name: HAR
Mls Provider:
Mls ID: #23016865
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