2016 Main St APT 2308HoustonTX77002
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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 2308, Houston, TX, 77002 earns $75/mo cash flow from $1,483/mo rent with a $651/mo payment. Total monthly income totals $1,483/mo, and annual cash flow totals $904/yr on $44,073 capital. ROI tracks 21.96% on current figures, and rental yield reads 13.39% at a $132,950 purchase. Equity gained on principal adds $858/yr, and 5% annual appreciation supports $36,732 over five years. Five-year ROI reaches 119.7% and total cumulative return in cash sums $52,757. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,483/mo property income instead of your personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
$462 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: #13736805
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