1211 Caroline St UNIT 1804HoustonTX77002
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
Investment Highlights
Rental property for sale in Houston at 1211 Caroline St UNIT 1804, Houston, TX, 77002 generates $3,331/mo in rent and, after a $1,640/mo payment, leaves $948/mo in cash flow. Total monthly income is $3,331/mo, and annual cash flow is $11,381/yr on $111,053 invested. Return on cash invested sits at 30.16% in year one, and rental yield is 11.93% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 159.02% and total cumulative return in cash sums $176,600. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,331/mo property income rather than buyer’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77002, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,022 (100%) |
| Owner Occupied HU | 1,032 ( 9.4%) |
| Renter Occupied HU | 7,847 (71.2%) |
| Vacant Housing Units | 2,143 (19.4%) |
| Median Home Value | $397,152 |
| Average Home Value | $492,078 |
Housing Distribution
Address Breakdown
Residential
8,644
Single Family
828
Multi-Family
7,816
Businesses
3,165
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices