9707 Richmond Ave APT 97HoustonTX77042
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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 9707 Richmond Ave APT 97, Houston, TX, 77042 generates $1,956/mo in rent and, after a $514/mo payment, leaves $903/mo in cash flow. Total monthly income is $1,956/mo, and annual cash flow is $10,839/yr on $34,808 invested. Return on cash invested sits at 51.05% in year one, and rental yield is 22.35% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 274.98% and total cumulative return in cash sums $95,714. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,956/mo property income rather than buyer’s personal income.
Condo
Built in 1978
4.91 Acres lot
$N/A/sqft
$306 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77042, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,063 (100%) |
| Owner Occupied HU | 4,722 (19.6%) |
| Renter Occupied HU | 16,302 (67.7%) |
| Vacant Housing Units | 3,039 (12.6%) |
| Median Home Value | $397,155 |
| Average Home Value | $445,691 |
Housing Distribution
Address Breakdown
Residential
20,718
Single Family
4,192
Multi-Family
16,526
Businesses
1,720
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Listed by: Benjamin Chacon • Realty Associates
Mls Name: HAR
Mls Provider:
Mls ID: #92948906
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