87 Legend LnHoustonTX77024
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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 87 Legend Ln, Houston, TX, 77024 with 5% annual appreciation on a $638,000 basis while $5,840/mo rent supports operations. Total monthly income totals $5,840/mo and a $3,123/mo payment preserves $1,178/mo for cash returns. Annual cash flow comes to $14,133/yr on $209,902 deployed, and return on cash invested reaches 26.79% in year one. Equity gained on principal adds $4,117/yr, and five-year appreciation sums $176,268 alongside rental yield of 10.98%. Five-year ROI measures 141.2% and total cumulative return in cash totals $296,390.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,840/mo property income versus a $3,123/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1976
2,550 sqft lot
$N/A/sqft
$1,500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77024, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,636 (100%) |
| Owner Occupied HU | 10,193 (54.7%) |
| Renter Occupied HU | 6,387 (34.3%) |
| Vacant Housing Units | 2,056 (11.0%) |
| Median Home Value | $1,152,422 |
| Average Home Value | $1,270,262 |
Housing Distribution
Address Breakdown
Residential
18,464
Single Family
8,893
Multi-Family
9,571
Businesses
2,413
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Listed by: Mehmet Yasar • TEXAS REAL ESTATE SERVICES
Mls Name: HAR
Mls Provider:
Mls ID: #32473671
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