RC Mitchell Plan, Memorial HeightsHoustonTX77073
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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 RC Mitchell Plan, Memorial Heights, Houston, TX, 77073 uses $76,573 cash to close to unlock $6,468/yr annual cash flow and $539/mo monthly cash flow. Total monthly income runs $2,182/mo, and a $1,131/mo payment keeps the spread at $539/mo. Purchase price stands at $230,990, and rental yield measures 11.34% with $2,182/mo rent. Return on cash invested shows 28.36% in year one, and 5% annual appreciation builds toward $63,818 over five years. Five-year ROI reaches 149.32% and total cumulative return in cash records $114,342. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,182/mo property income covering a $1,131/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77073, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,781 (100%) |
| Owner Occupied HU | 8,928 (53.2%) |
| Renter Occupied HU | 6,564 (39.1%) |
| Vacant Housing Units | 1,289 ( 7.7%) |
| Median Home Value | $211,779 |
| Average Home Value | $253,934 |
Housing Distribution
Address Breakdown
Residential
14,839
Single Family
11,089
Multi-Family
3,750
Businesses
810
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