8316 Summit PlHoustonTX77071
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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 8316 Summit Pl, Houston, TX, 77071 earns $961/mo cash flow from $5,496/mo rent with a $2,888/mo payment. Total monthly income totals $5,496/mo, and annual cash flow totals $11,533/yr on $194,110 capital. ROI tracks 26% on current figures, and rental yield reads 11.18% at a $590,000 purchase. Equity gained on principal adds $3,807/yr, and 5% annual appreciation supports $163,006 over five years. Five-year ROI reaches 137.48% and total cumulative return in cash sums $266,860. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,496/mo property income instead of your personal income.
Single Family
Built in 2007
0.26 Acres lot
$N/A/sqft
$1,520 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77071, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,132 (100%) |
| Owner Occupied HU | 5,330 (52.6%) |
| Renter Occupied HU | 4,280 (42.2%) |
| Vacant Housing Units | 522 ( 5.2%) |
| Median Home Value | $273,063 |
| Average Home Value | $307,273 |
Housing Distribution
Address Breakdown
Residential
10,557
Single Family
6,009
Multi-Family
4,548
Businesses
453
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Listed by: Hung Minh Nguyen • Keller Williams Signature
Mls Name: HAR
Mls Provider:
Mls ID: #6692958
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