2020 McGowen St #8EHoustonTX77004
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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 2020 McGowen St #8E, Houston, TX, 77004 uses $134,224 cash to close to unlock $6,714/yr annual cash flow and $559/mo monthly cash flow. Total monthly income runs $3,439/mo, and a $1,982/mo payment keeps the spread at $559/mo. Purchase price stands at $404,899, and rental yield measures 10.19% with $3,439/mo rent. Return on cash invested shows 24.91% in year one, and 5% annual appreciation builds toward $111,866 over five years. Five-year ROI reaches 130.88% and total cumulative return in cash records $175,674. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,439/mo property income covering a $1,982/mo payment rather than investor’s personal income.
Townhouse
Built in 2016
1,437 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77004, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,427 (100%) |
| Owner Occupied HU | 5,165 (26.6%) |
| Renter Occupied HU | 10,836 (55.8%) |
| Vacant Housing Units | 3,426 (17.6%) |
| Median Home Value | $411,742 |
| Average Home Value | $446,849 |
Housing Distribution
Address Breakdown
Residential
17,148
Single Family
10,181
Multi-Family
6,967
Businesses
1,153
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