2303 Elmen StHoustonTX77019
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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 2303 Elmen St, Houston, TX, 77019 priced at $849,000 converts $5,844/mo rent into after a $4,155/mo obligation. Total monthly income equals $5,844/mo. Return on cash invested prints 19.23% in year one, and rental yield reads 8.26% against a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation compiles into $234,563 by year five. Five-year ROI reaches 100.4% and total cumulative return in cash sums $280,448. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,844/mo property income covering a $4,155/mo payment, not borrower’s personal income.
Townhouse
Built in 2001
2,693 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77019, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,315 (100%) |
| Owner Occupied HU | 5,589 (32.3%) |
| Renter Occupied HU | 10,020 (57.9%) |
| Vacant Housing Units | 1,706 ( 9.9%) |
| Median Home Value | $703,962 |
| Average Home Value | $934,995 |
Housing Distribution
Address Breakdown
Residential
16,390
Single Family
6,477
Multi-Family
9,913
Businesses
853
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Listed by: Patricia Dajani • Keller Williams Realty Metropolitan
Mls Name: HAR
Mls Provider:
Mls ID: #88259282
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