974 Redway LnHoustonTX77062
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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 974 Redway Ln, Houston, TX, 77062 uses $85,196 cash to close to unlock $3,697/yr annual cash flow and $308/mo monthly cash flow. Total monthly income runs $2,142/mo, and a $1,258/mo payment keeps the spread at $308/mo. Purchase price stands at $257,000, and rental yield measures 10% with $2,142/mo rent. Return on cash invested shows 24.25% in year one, and 5% annual appreciation builds toward $71,004 over five years. Five-year ROI reaches 127.41% and total cumulative return in cash records $108,552. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,142/mo property income covering a $1,258/mo payment rather than investor’s personal income.
Single Family
Built in 1968
7,440 sqft lot
$N/A/sqft
$75 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77062, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,548 (100%) |
| Owner Occupied HU | 7,170 (68.0%) |
| Renter Occupied HU | 2,928 (27.8%) |
| Vacant Housing Units | 450 ( 4.3%) |
| Median Home Value | $293,132 |
| Average Home Value | $335,346 |
Housing Distribution
Address Breakdown
Residential
10,001
Single Family
8,345
Multi-Family
1,656
Businesses
234
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Listed by: Cindy Cristiano • RE/MAX Space Center
Mls Name: HAR
Mls Provider:
Mls ID: #45949754
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