8323 Ivan Reid DrHoustonTX77040
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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 8323 Ivan Reid Dr, Houston, TX, 77040 priced at $339,900 pairs $4,788/mo rent with $2,327/mo cash flow after a $1,664/mo payment. Total monthly income equals $4,788/mo, and annual cash flow comes to $27,927/yr on $112,677 invested. Return on cash invested is 44.69% in year one, and rental yield stands at 16.9% on a $339,900 basis. Equity gained on principal adds $2,193/yr, and 5% annual appreciation accumulates to $93,908 by year five. Five-year ROI measures 237.16% and total cumulative return in cash reaches $267,227. For financing, Ziffy Mortgage’s DSCR program evaluates $4,788/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
8,999 sqft lot
$N/A/sqft
$520 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77040, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,233 (100%) |
| Owner Occupied HU | 9,849 (51.2%) |
| Renter Occupied HU | 8,583 (44.6%) |
| Vacant Housing Units | 801 ( 4.2%) |
| Median Home Value | $296,605 |
| Average Home Value | $322,592 |
Housing Distribution
Address Breakdown
Residential
18,335
Single Family
11,467
Multi-Family
6,868
Businesses
2,235
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Listed by: Steve Hardcastle • RE/MAX Signature
Mls Name: HAR
Mls Provider:
Mls ID: #16176642
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