1602 Elgin St APT 13HoustonTX77004
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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
Investment property for sale in Houston at 1602 Elgin St APT 13, Houston, TX, 77004 uses $84,533 cash to close to unlock $8,325/yr annual cash flow and $694/mo monthly cash flow. Total monthly income runs $2,507/mo, and a $1,248/mo payment keeps the spread at $694/mo. Purchase price stands at $255,000, and rental yield measures 11.8% with $2,507/mo rent. Return on cash invested shows 29.76% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 156.89% and total cumulative return in cash records $132,620. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,507/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Townhouse
Built in 2004
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77004, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,427 (100%) |
| Owner Occupied HU | 5,165 (26.6%) |
| Renter Occupied HU | 10,836 (55.8%) |
| Vacant Housing Units | 3,426 (17.6%) |
| Median Home Value | $411,742 |
| Average Home Value | $446,849 |
Housing Distribution
Address Breakdown
Residential
17,148
Single Family
10,181
Multi-Family
6,967
Businesses
1,153
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