1005 Bingham St #4HoustonTX77007
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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 1005 Bingham St #4, Houston, TX, 77007 offers a 9.6% rental yield on a $500,000 purchase with $4,000/mo rent. Total monthly income registers $4,000/mo, and a $2,447/mo payment leaves $445/mo available for distribution. Annual cash flow reaches $5,336/yr on $165,750 to close, and return on cash invested stands at 23.13% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,141 over five years. Portfolio math shows five-year ROI at 121.32% and total cumulative return in cash at $201,080. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,000/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
1,546 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77007, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,945 (100%) |
| Owner Occupied HU | 11,105 (37.1%) |
| Renter Occupied HU | 16,284 (54.4%) |
| Vacant Housing Units | 2,556 ( 8.5%) |
| Median Home Value | $494,222 |
| Average Home Value | $609,203 |
Housing Distribution
Address Breakdown
Residential
30,067
Single Family
14,688
Multi-Family
15,379
Businesses
2,062
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Listed by: Jordan Hall • Camelot Realty Group
Mls Name: HAR
Mls Provider:
Mls ID: #50191389
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