8611 Othello StHoustonTX77029
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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 8611 Othello St, Houston, TX, 77029 uses $49,692 cash to close to unlock $1,201/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $1,203/mo, and a $734/mo payment keeps the spread at $100/mo. Purchase price stands at $149,900, and rental yield measures 9.63% with $1,203/mo rent. Return on cash invested shows 22.33% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 117.43% and total cumulative return in cash records $58,355. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,203/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1953
6,324 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77029, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,368 (100%) |
| Owner Occupied HU | 3,562 (55.9%) |
| Renter Occupied HU | 2,279 (35.8%) |
| Vacant Housing Units | 527 ( 8.3%) |
| Median Home Value | $116,890 |
| Average Home Value | $187,162 |
Housing Distribution
Address Breakdown
Residential
6,296
Single Family
5,781
Multi-Family
515
Businesses
1,150
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Listed by: Thor Paulsen • D Real Estate Center
Mls Name: HAR
Mls Provider:
Mls ID: #36030807
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