2016 Main St APT 1620HoustonTX77002
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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 2016 Main St APT 1620, Houston, TX, 77002 offers a 18.88% rental yield on a $237,950 purchase with $3,744/mo rent. Total monthly income registers $3,744/mo, and a $1,165/mo payment leaves $358/mo available for distribution. Annual cash flow reaches $4,291/yr on $78,880 to close, and return on cash invested stands at 25.35% in year one. Equity gained on principal adds $1,535/yr while 5% annual appreciation supports $65,741 over five years. Portfolio math shows five-year ROI at 142.58% and total cumulative return in cash at $112,471. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,744/mo property income against a $1,165/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
N/A lot
$N/A/sqft
$1,694 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77002, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,022 (100%) |
| Owner Occupied HU | 1,032 ( 9.4%) |
| Renter Occupied HU | 7,847 (71.2%) |
| Vacant Housing Units | 2,143 (19.4%) |
| Median Home Value | $397,152 |
| Average Home Value | $492,078 |
Housing Distribution
Address Breakdown
Residential
8,644
Single Family
828
Multi-Family
7,816
Businesses
3,165
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Listed by: Richard Vincent • Homes Central Real Estate, Inc
Mls Name: HAR
Mls Provider:
Mls ID: #57093749
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