8803 Enchanted Forest DrHoustonTX77088
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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 8803 Enchanted Forest Dr, Houston, TX, 77088 priced at $219,900 converts $1,587/mo rent into after a $1,076/mo obligation. Total monthly income equals $1,587/mo. Return on cash invested prints 19.06% in year one, and rental yield reads 8.66% against a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation compiles into $60,754 by year five. Five-year ROI reaches 99.99% and total cumulative return in cash sums $72,892. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,587/mo property income covering a $1,076/mo payment, not borrower’s personal income.
Single Family
Built in 1982
8,799 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77088, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,348 (100%) |
| Owner Occupied HU | 11,008 (56.9%) |
| Renter Occupied HU | 7,238 (37.4%) |
| Vacant Housing Units | 1,102 ( 5.7%) |
| Median Home Value | $222,266 |
| Average Home Value | $280,068 |
Housing Distribution
Address Breakdown
Residential
18,099
Single Family
14,602
Multi-Family
3,497
Businesses
571
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Listed by: Joel Rankin • J.D. Rankin and Associates
Mls Name: HAR
Mls Provider:
Mls ID: #11869490
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