11550 Chimney Rock Rd APT 329HoustonTX77035
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who treat current yield as secondary to long-run equity growth will find 11550 Chimney Rock Rd APT 329, Houston, TX, 77035 in Houston worth modelling. At $104,900 with a 11.71% gross yield, the $1,024/mo rent leaves $10/mo after the $472/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 2.17 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $28,982 by year five; $966/yr in principal reduction adds further equity. Total projected return: $42,018.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 6.2% |
| Monthly Cash Flow | $10 | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,024 |
| Total Monthly Debt Service | $972 |
| DSCR Ratio | 1.05x |
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 1971
7.69 Acres lot
$N/A/sqft
$268 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77035, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,070 (100%) |
| Owner Occupied HU | 5,341 (38.0%) |
| Renter Occupied HU | 7,467 (53.1%) |
| Vacant Housing Units | 1,262 ( 9.0%) |
| Median Home Value | $328,034 |
| Average Home Value | $345,633 |
Housing Distribution
Address Breakdown
Residential
15,713
Single Family
7,397
Multi-Family
8,316
Businesses
794
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 1971
7.69 Acres lot
$N/A/sqft
$268 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77035, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,070 (100%) |
| Owner Occupied HU | 5,341 (38.0%) |
| Renter Occupied HU | 7,467 (53.1%) |
| Vacant Housing Units | 1,262 ( 9.0%) |
| Median Home Value | $328,034 |
| Average Home Value | $345,633 |
Housing Distribution
Address Breakdown
Residential
15,713
Single Family
7,397
Multi-Family
8,316
Businesses
794
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Guillermo Garza • CDW Group Realtors
Mls Name: HAR
Mls Provider:
Mls ID: #89262116
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