111 E 2nd StHoustonTX77007
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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 111 E 2nd St, Houston, TX, 77007 listed at $450,000 pairs $3,817/mo rent with a $2,203/mo payment to leave $320/mo cash flow. Total monthly income runs $3,817/mo, and annual cash flow reaches $3,837/yr on $149,175 cash to close. Return on cash invested measures 22.48% in year one, and rental yield registers 10.18% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 118.71% and total cumulative return in cash totals $177,090. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,817/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2013
1,400 sqft lot
$N/A/sqft
$1,900 annually 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: Ruth Carruthers • Compass RE Texas, LLC - Houston
Mls Name: HAR
Mls Provider:
Mls ID: #50110358
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