1211 Caroline St #2002HoustonTX77046
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 1211 Caroline St #2002, Houston, TX, 77046 in Houston at $1,800,000, 3.96% gross yield, is a market-growth asset. Rental yield 3.96%. The $5,940/mo rent partially funds the $8,094/mo debt service; the core return is the 5%/yr price growth projected to add $497,307 over five years. Ziffy Mortgage's DSCR mortgage (0.73) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $248,269.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4% | 6.2% |
| Monthly Cash Flow | $(8,205) | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,940 |
| Total Monthly Debt Service | $12,084 |
| DSCR Ratio | 0.49x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77046, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 907 (100%) |
| Owner Occupied HU | 255 (28.1%) |
| Renter Occupied HU | 500 (55.1%) |
| Vacant Housing Units | 152 (16.8%) |
| Median Home Value | $371,212 |
| Average Home Value | $439,725 |
Housing Distribution
Address Breakdown
Residential
1,309
Single Family
0
Multi-Family
1,309
Businesses
424
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 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77046, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 907 (100%) |
| Owner Occupied HU | 255 (28.1%) |
| Renter Occupied HU | 500 (55.1%) |
| Vacant Housing Units | 152 (16.8%) |
| Median Home Value | $371,212 |
| Average Home Value | $439,725 |
Housing Distribution
Address Breakdown
Residential
1,309
Single Family
0
Multi-Family
1,309
Businesses
424
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices