9009 Richmond Ave APT 702HoustonTX77063
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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 702, Houston, TX, 77063 listed at $114,900 pairs $905/mo rent with a $562/mo payment. Total monthly income runs $905/mo. Return on cash invested measures 9.68% in year one, and rental yield registers 9.45% at a $114,900 basis. Equity gained on principal adds $741/yr, and annual property appreciation at 5% supports $31,745 by year five. Five-year ROI tracks 54% and total cumulative return in cash totals $20,570. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $905/mo property income relative to a $562/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1977
4.17 Acres lot
$N/A/sqft
$386 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: Dipankar Sinharoy • Keller Williams Memorial
Mls Name: HAR
Mls Provider:
Mls ID: #74556559
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