829 Cortlandt StHoustonTX77007
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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 829 Cortlandt St, Houston, TX, 77007 uses $233,425 cash to close to unlock $867/yr annual cash flow and $72/mo monthly cash flow. Total monthly income runs $5,118/mo, and a $3,473/mo payment keeps the spread at $72/mo. Purchase price stands at $709,499, and rental yield measures 8.66% with $5,118/mo rent. Return on cash invested shows 20.43% in year one, and 5% annual appreciation builds toward $196,021 over five years. Five-year ROI reaches 106.84% and total cumulative return in cash records $249,394. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,118/mo property income covering a $3,473/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
6,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77007, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,945 (100%) |
| Owner Occupied HU | 11,105 (37.1%) |
| Renter Occupied HU | 16,284 (54.4%) |
| Vacant Housing Units | 2,556 ( 8.5%) |
| Median Home Value | $494,222 |
| Average Home Value | $609,203 |
Housing Distribution
Address Breakdown
Residential
30,067
Single Family
14,688
Multi-Family
15,379
Businesses
2,062
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Listed by: Teresa Flores • Realty Associates
Mls Name: HAR
Mls Provider:
Mls ID: #19073300
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