16219 Purpleridge CtHoustonTX77053
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Houston rental at 16219 Purpleridge Ct, Houston, TX, 77053 sits in the solid-income band: 10.57% gross yield, $2,247/mo rent, $413/mo net after the $1,135/mo debt service, DSCR 1.98. Entry price of $252,400 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $69,733 and $2,325/yr in principal reduction bring total cumulative return to $124,810.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.2% |
| Monthly Cash Flow | $413 | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,247 |
| Total Monthly Debt Service | $1,711 |
| DSCR Ratio | 1.31x |
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.
Single Family
Built in 1995
7,840 sqft lot
$N/A/sqft
$17 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77053, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,864 (100%) |
| Owner Occupied HU | 6,460 (65.5%) |
| Renter Occupied HU | 3,146 (31.9%) |
| Vacant Housing Units | 258 ( 2.6%) |
| Median Home Value | $172,252 |
| Average Home Value | $231,531 |
Housing Distribution
Address Breakdown
Residential
9,800
Single Family
9,415
Multi-Family
385
Businesses
369
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
Single Family
Built in 1995
7,840 sqft lot
$N/A/sqft
$17 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77053, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,864 (100%) |
| Owner Occupied HU | 6,460 (65.5%) |
| Renter Occupied HU | 3,146 (31.9%) |
| Vacant Housing Units | 258 ( 2.6%) |
| Median Home Value | $172,252 |
| Average Home Value | $231,531 |
Housing Distribution
Address Breakdown
Residential
9,800
Single Family
9,415
Multi-Family
385
Businesses
369
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices