1501 State StSouth HoustonTX77587
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 1501 State St, South Houston, TX, 77587 in South Houston achieves 1.57, rent of $1,584/mo covers the $1,011/mo payment 1.5x over at $224,900. Rental yield 8.45%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $62,136 over five years, with $2,071/yr in principal reduction bringing total projected return to $85,239.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.2% |
| Monthly Cash Flow | $(15) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,584 |
| Total Monthly Debt Service | $1,510 |
| 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.
Multi Family
Built in 1951
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77587, South Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,305 (100%) |
| Owner Occupied HU | 2,708 (51.0%) |
| Renter Occupied HU | 2,214 (41.7%) |
| Vacant Housing Units | 383 ( 7.2%) |
| Median Home Value | $220,896 |
| Average Home Value | $255,766 |
Housing Distribution
Address Breakdown
Residential
5,116
Single Family
3,965
Multi-Family
1,151
Businesses
966
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
Multi Family
Built in 1951
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77587, South Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,305 (100%) |
| Owner Occupied HU | 2,708 (51.0%) |
| Renter Occupied HU | 2,214 (41.7%) |
| Vacant Housing Units | 383 ( 7.2%) |
| Median Home Value | $220,896 |
| Average Home Value | $255,766 |
Housing Distribution
Address Breakdown
Residential
5,116
Single Family
3,965
Multi-Family
1,151
Businesses
966
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wendy Devillier • Kenneth Coleman, Broker
Mls Name: HAR
Mls ID: #16095835