8905 Elm Drake LnHumbleTX77338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Humble at 8905 Elm Drake Ln, Humble, TX, 77338 at $222,000 posts ROI 24.33% with $271/mo cash flow from $1,880/mo rent. Total monthly income equals $1,880/mo, and annual cash flow records $3,251/yr on $73,593 to close. Return on cash invested measures 24.33% and rental yield reads 10.16% at the current $222,000. Equity gained on principal adds $1,433/yr, and 5% annual appreciation supports $61,335 by year five. Five-year ROI prints 127.91% and total cumulative return in cash totals $94,131.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,880/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2005
2,632 sqft lot
$N/A/sqft
$360 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77338, Humble, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,259 (100%) |
| Owner Occupied HU | 8,544 (49.5%) |
| Renter Occupied HU | 7,428 (43.0%) |
| Vacant Housing Units | 1,287 ( 7.5%) |
| Median Home Value | $260,461 |
| Average Home Value | $283,669 |
Housing Distribution
Address Breakdown
Residential
16,908
Single Family
11,771
Multi-Family
5,137
Businesses
1,942
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julio Kiliddjian • RE/MAX Associates Northeast
Mls Name: HAR
Mls Provider:
Mls ID: #43004234
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.