1602 Elgin St APT 5HoustonTX77004
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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 5, Houston, TX, 77004 offers a 10.29% rental yield on a $171,500 purchase with $1,470/mo rent. Total monthly income registers $1,470/mo, and a $839/mo payment leaves $97/mo available for distribution. Annual cash flow reaches $1,162/yr on $56,852 to close, and return on cash invested stands at 21.95% in year one. Equity gained on principal adds $1,107/yr while 5% annual appreciation supports $47,382 over five years. Portfolio math shows five-year ROI at 116.2% and total cumulative return in cash at $66,060. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,470/mo property income against a $839/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
0.35 Acres lot
$N/A/sqft
$154 monthly 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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Listed by: Tracey Richardson • TRichardson, Realtors
Mls Name: HAR
Mls Provider:
Mls ID: #26816818
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