8420A Lanewood DrHoustonTX77016
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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 8420A Lanewood Dr, Houston, TX, 77016 uses $102,765 cash to close to unlock $4,318/yr annual cash flow and $360/mo monthly cash flow. Total monthly income runs $2,564/mo, and a $1,517/mo payment keeps the spread at $360/mo. Purchase price stands at $310,000, and rental yield measures 9.93% with $2,564/mo rent. Return on cash invested shows 24.11% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 126.59% and total cumulative return in cash records $130,087. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,564/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 2023
4,199 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77016, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,727 (100%) |
| Owner Occupied HU | 7,091 (60.5%) |
| Renter Occupied HU | 3,758 (32.0%) |
| Vacant Housing Units | 878 ( 7.5%) |
| Median Home Value | $122,354 |
| Average Home Value | $212,209 |
Housing Distribution
Address Breakdown
Residential
11,431
Single Family
10,633
Multi-Family
798
Businesses
550
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