2016 Main St APT 2111HoustonTX77002
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2016 Main St APT 2111, Houston, TX, 77002 in Houston speaks for itself: 13.12% gross on a $149,500 price, generating $1,634/mo in rent and $571/mo in net income after the $672/mo debt service. DSCR 2.43, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,855 stacks alongside $41,304 in projected five-year appreciation and $1,377/yr in principal reduction. Projected total cumulative return: $94,056.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.1% | 6.2% |
| Monthly Cash Flow | $571 | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,634 |
| Total Monthly Debt Service | $1,004 |
| DSCR Ratio | 1.63x |
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.
Condo
Built in 1965
N/A lot
$N/A/sqft
No 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
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
Condo
Built in 1965
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices