9009 Richmond Ave APT 619HoustonTX77063
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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 9009 Richmond Ave APT 619, Houston, TX, 77063 earns $1,116/mo cash flow from $2,376/mo rent with a $575/mo payment. Total monthly income totals $2,376/mo, and annual cash flow totals $13,386/yr on $38,951 capital. ROI tracks 54.28% on current figures, and rental yield reads 24.27% at a $117,500 purchase. Equity gained on principal adds $758/yr, and 5% annual appreciation supports $32,463 over five years. Five-year ROI reaches 293.14% and total cumulative return in cash sums $114,182. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,376/mo property income instead of your personal income.
Condo
Built in 1977
4.17 Acres lot
$N/A/sqft
$425 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77063, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,779 (100%) |
| Owner Occupied HU | 4,830 (23.2%) |
| Renter Occupied HU | 13,700 (65.9%) |
| Vacant Housing Units | 2,249 (10.8%) |
| Median Home Value | $390,426 |
| Average Home Value | $482,774 |
Housing Distribution
Address Breakdown
Residential
19,428
Single Family
3,609
Multi-Family
15,819
Businesses
2,003
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Listed by: Dimas Gomez • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #12230455
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