2022 Converse StHoustonTX77006
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
Investment Highlights
Rental property for sale in Houston at 2022 Converse St, Houston, TX, 77006 priced at $719,000 pairs $5,858/mo rent with $745/mo cash flow after a $3,519/mo payment. Total monthly income equals $5,858/mo, and annual cash flow comes to $8,943/yr on $236,551 invested. Return on cash invested is 23.84% in year one, and rental yield stands at 9.78% on a $719,000 basis. Equity gained on principal adds $4,640/yr, and 5% annual appreciation accumulates to $198,646 by year five. Five-year ROI measures 125.12% and total cumulative return in cash reaches $295,973. For financing, Ziffy Mortgage’s DSCR program evaluates $5,858/mo property income against a $3,519/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2009
1,900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77006, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,048 (100%) |
| Owner Occupied HU | 4,703 (29.3%) |
| Renter Occupied HU | 9,510 (59.3%) |
| Vacant Housing Units | 1,835 (11.4%) |
| Median Home Value | $584,748 |
| Average Home Value | $699,120 |
Housing Distribution
Address Breakdown
Residential
16,540
Single Family
7,006
Multi-Family
9,534
Businesses
1,141
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Touqan • Compass RE Texas, LLC - Houston
Mls Name: HAR
Mls Provider:
Mls ID: #42238147
Disclaimer: Copyright 2025, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.