2016 Main St APT 622HoustonTX77002
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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
Total monthly income runs $1,760/mo, and a $1,223/mo payment. Purchase price stands at $249,900, and rental yield measures 8.45% with $1,760/mo rent. Return on cash invested shows 19.66% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 102.79% and total cumulative return in cash records $85,154. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,760/mo property income covering a $1,223/mo payment rather than investor’s personal income.
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
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