9242 Richland DrHoustonTX77078
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
Rental property for sale in Houston at 9242 Richland Dr, Houston, TX, 77078 generates $1,933/mo in rent and, after a $1,174/mo payment, leaves $208/mo in cash flow. Total monthly income is $1,933/mo, and annual cash flow is $2,501/yr on $79,527 invested. Return on cash invested sits at 23.05% in year one, and rental yield is 9.67% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 121.05% and total cumulative return in cash sums $96,271. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,933/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
9,239 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77078, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,024 (100%) |
| Owner Occupied HU | 2,599 (51.7%) |
| Renter Occupied HU | 1,999 (39.8%) |
| Vacant Housing Units | 426 ( 8.5%) |
| Median Home Value | $151,491 |
| Average Home Value | $158,527 |
Housing Distribution
Address Breakdown
Residential
4,975
Single Family
4,184
Multi-Family
791
Businesses
115
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Nearby investment properties with comparable prices
Listed by: Gurkirpal Morrow • RE/MAX Partners
Mls Name: HAR
Mls Provider:
Mls ID: #35222501
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