9 Farther PointHoustonTX77024
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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 9 Farther Point, Houston, TX, 77024 earns $995/mo cash flow from $7,679/mo rent with a $4,400/mo payment. Total monthly income totals $7,679/mo, and annual cash flow totals $11,934/yr on $295,771 capital. ROI tracks 24.1% on current figures, and rental yield reads 10.25% at a $899,000 purchase. Equity gained on principal adds $5,801/yr, and 5% annual appreciation supports $248,377 over five years. Five-year ROI reaches 126.91% and total cumulative return in cash sums $375,358. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,679/mo property income instead of your personal income.
Townhouse
Built in 1979
3,600 sqft lot
$N/A/sqft
$3,500 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: Wanda Taylor • Wanda Taylor Properties
Mls Name: HAR
Mls Provider:
Mls ID: #30424011
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