8323 Lettie StHoustonTX77075
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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 8323 Lettie St, Houston, TX, 77075 earns $659/mo cash flow from $2,227/mo rent with a $978/mo payment. Total monthly income totals $2,227/mo, and annual cash flow totals $7,905/yr on $66,234 capital. ROI tracks 31.84% on current figures, and rental yield reads 13.38% at a $199,800 purchase. Equity gained on principal adds $1,289/yr, and 5% annual appreciation supports $55,201 over five years. Five-year ROI reaches 169.05% and total cumulative return in cash sums $111,965. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,227/mo property income instead of your personal income.
Single Family
Built in 1971
7,710 sqft lot
$N/A/sqft
$2 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77075, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,944 (100%) |
| Owner Occupied HU | 7,820 (52.3%) |
| Renter Occupied HU | 6,176 (41.3%) |
| Vacant Housing Units | 948 ( 6.3%) |
| Median Home Value | $247,668 |
| Average Home Value | $257,402 |
Housing Distribution
Address Breakdown
Residential
13,605
Single Family
9,252
Multi-Family
4,353
Businesses
938
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