2120 El Paseo St APT 2602HoustonTX77054
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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
Rental property for sale in Houston at 2120 El Paseo St APT 2602, Houston, TX, 77054 generates $863/mo in rent and, after a $538/mo payment, leaves $81/mo in cash flow. Total monthly income is $863/mo, and annual cash flow is $974/yr on $36,465 invested. Return on cash invested sits at 22.58% in year one, and rental yield is 9.41% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 118.47% and total cumulative return in cash sums $43,200. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $863/mo property income rather than buyer’s personal income.
Townhouse
Built in 1982
4.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77054, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,481 (100%) |
| Owner Occupied HU | 2,282 (13.8%) |
| Renter Occupied HU | 12,097 (73.4%) |
| Vacant Housing Units | 2,102 (12.8%) |
| Median Home Value | $269,018 |
| Average Home Value | $335,532 |
Housing Distribution
Address Breakdown
Residential
16,326
Single Family
683
Multi-Family
15,643
Businesses
1,214
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