10811 Richmond Ave APT 38HoustonTX77042
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 10811 Richmond Ave APT 38, Houston, TX, 77042 in Houston achieves a 2.01 ratio at $139,000: $1,254/mo rent versus $625/mo debt service. Rental yield 10.83%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 10.83% yield compounds alongside 5% annual appreciation projecting $38,403 in value. Total projected cumulative return: $54,092.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 6.2% |
| Monthly Cash Flow | $(5) | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,254 |
| Total Monthly Debt Service | $1,204 |
| DSCR Ratio | 1.04x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1980
6,128 sqft lot
$N/A/sqft
$271 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 1980
6,128 sqft lot
$N/A/sqft
$271 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Min Mai • Sweet Home Realty
Mls Name: HAR
Mls Provider:
Mls ID: #69673832
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