1111 Caroline St APT 2903HoustonTX77010
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe 11.35% yield at 1111 Caroline St APT 2903, Houston, TX, 77010 in Houston is solid, but the $3,597/mo payment compresses net cash flow to $23/mo at $799,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $220,998 by year five, and $7,367/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (2.10) without U.S. income documentation. Total projected return: $427,270.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 6.2% |
| Monthly Cash Flow | $23 | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,565 |
| Total Monthly Debt Service | $5,370 |
| DSCR Ratio | 1.41x |
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.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77010, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 935 (100%) |
| Owner Occupied HU | 34 ( 3.6%) |
| Renter Occupied HU | 713 (76.3%) |
| Vacant Housing Units | 188 (20.1%) |
| Median Home Value | $1,052,632 |
| Average Home Value | $907,353 |
Housing Distribution
Address Breakdown
Residential
613
Single Family
0
Multi-Family
613
Businesses
325
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
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77010, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 935 (100%) |
| Owner Occupied HU | 34 ( 3.6%) |
| Renter Occupied HU | 713 (76.3%) |
| Vacant Housing Units | 188 (20.1%) |
| Median Home Value | $1,052,632 |
| Average Home Value | $907,353 |
Housing Distribution
Address Breakdown
Residential
613
Single Family
0
Multi-Family
613
Businesses
325
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices