1500 Bay Area Blvd #420HoustonTX77058
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1500 Bay Area Blvd #420, Houston, TX, 77058 in Houston speaks for itself: 24.19% gross on a $118,000 price, generating $2,378/mo in rent and $1,126/mo in net income after the $531/mo debt service. DSCR 4.48, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $13,515 stacks alongside $32,601 in projected five-year appreciation and $1,087/yr in principal reduction. Projected total cumulative return: $119,472.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 24.2% | 6.2% |
| Monthly Cash Flow | $1,126 | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,378 |
| Total Monthly Debt Service | $1,205 |
| DSCR Ratio | 1.97x |
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 1978
8.49 Acres lot
$N/A/sqft
$413 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77058, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,594 (100%) |
| Owner Occupied HU | 3,382 (31.9%) |
| Renter Occupied HU | 6,079 (57.4%) |
| Vacant Housing Units | 1,133 (10.7%) |
| Median Home Value | $306,272 |
| Average Home Value | $351,134 |
Housing Distribution
Address Breakdown
Residential
10,791
Single Family
2,819
Multi-Family
7,972
Businesses
1,562
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 1978
8.49 Acres lot
$N/A/sqft
$413 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77058, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,594 (100%) |
| Owner Occupied HU | 3,382 (31.9%) |
| Renter Occupied HU | 6,079 (57.4%) |
| Vacant Housing Units | 1,133 (10.7%) |
| Median Home Value | $306,272 |
| Average Home Value | $351,134 |
Housing Distribution
Address Breakdown
Residential
10,791
Single Family
2,819
Multi-Family
7,972
Businesses
1,562
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices