1701 Hermann Dr #24DHoustonTX77004
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
Investment Highlights
Total monthly income runs $4,339/mo, and a $2,809/mo payment. Purchase price stands at $573,900, and rental yield measures 9.07% with $4,339/mo rent. Return on cash invested shows 16.32% in year one, and 5% annual appreciation builds toward $158,558 over five years. Five-year ROI reaches 86.74% and total cumulative return in cash records $163,777. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,339/mo property income covering a $2,809/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$846 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jade Luney • Compass RE Texas, LLC - Houston
Mls Name: HAR
Mls Provider:
Mls ID: #26429716
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.