9333 Memorial Dr APT 313HoustonTX77024
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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
Rental property for sale in Houston at 9333 Memorial Dr APT 313, Houston, TX, 77024 generates $4,700/mo in rent, after a $2,932/mo payment. Total monthly income is $4,700/mo. Return on cash invested sits at 10.31% in year one, and rental yield is 9.42% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 57.06% and total cumulative return in cash sums $112,450. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,700/mo property income rather than buyer’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$2,042 monthly 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: Luis Tamborrel • Keller Williams Realty The Woodlands
Mls Name: HAR
Mls Provider:
Mls ID: #32160222
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