17421 Red Oak Dr #7421HoustonTX77090
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.73, 17421 Red Oak Dr #7421, Houston, TX, 77090 in Houston sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 9.35%. The 9.35% yield is backed by 5% annual appreciation projecting $38,403 in value gain, plus $1,280/yr in principal reduction. Total projected cumulative return: $30,860.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.2% |
| Monthly Cash Flow | $(380) | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,083 |
| Total Monthly Debt Service | $1,408 |
| DSCR Ratio | 0.77x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Townhouse
Built in 1983
5.77 Acres lot
$N/A/sqft
$475 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77090, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,017 (100%) |
| Owner Occupied HU | 4,192 (23.3%) |
| Renter Occupied HU | 11,791 (65.4%) |
| Vacant Housing Units | 2,034 (11.3%) |
| Median Home Value | $260,624 |
| Average Home Value | $288,247 |
Housing Distribution
Address Breakdown
Residential
17,384
Single Family
5,094
Multi-Family
12,290
Businesses
1,463
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
Townhouse
Built in 1983
5.77 Acres lot
$N/A/sqft
$475 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77090, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,017 (100%) |
| Owner Occupied HU | 4,192 (23.3%) |
| Renter Occupied HU | 11,791 (65.4%) |
| Vacant Housing Units | 2,034 (11.3%) |
| Median Home Value | $260,624 |
| Average Home Value | $288,247 |
Housing Distribution
Address Breakdown
Residential
17,384
Single Family
5,094
Multi-Family
12,290
Businesses
1,463
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Garcia • Red Door Realty & Associates
Mls Name: HAR
Mls Provider:
Mls ID: #79805956
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