845 Augusta Dr #17HoustonTX77057
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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 845 Augusta Dr #17, Houston, TX, 77057 generates $893/mo in rent, after a $582/mo payment. Total monthly income is $893/mo. Return on cash invested sits at 8.69% in year one, and rental yield is 9.01% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 48.59% and total cumulative return in cash sums $19,169. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $893/mo property income rather than buyer’s personal income.
Condo
Built in 1977
2.97 Acres lot
$N/A/sqft
$365 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77057, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,665 (100%) |
| Owner Occupied HU | 7,302 (29.6%) |
| Renter Occupied HU | 14,773 (59.9%) |
| Vacant Housing Units | 2,590 (10.5%) |
| Median Home Value | $433,587 |
| Average Home Value | $626,740 |
Housing Distribution
Address Breakdown
Residential
24,132
Single Family
5,548
Multi-Family
18,584
Businesses
2,720
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Listed by: Eve Proust • Douglas Elliman Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #97931433
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