2321 Steel StHoustonTX77098
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 2321 Steel St, Houston, TX, 77098 in Houston hard to pass up. The 11.22% gross yield on a $485,000 purchase results in $4,534/mo in rent and $881/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.08). Annual cash flow of $10,577, five-year appreciation of $133,997, and $4,467/yr in equity build-up combine for a projected total cumulative return of $243,489.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.2% |
| Monthly Cash Flow | $881 | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,534 |
| Total Monthly Debt Service | $3,459 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1979
1,750 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77098, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,190 (100%) |
| Owner Occupied HU | 2,634 (23.5%) |
| Renter Occupied HU | 7,290 (65.1%) |
| Vacant Housing Units | 1,266 (11.3%) |
| Median Home Value | $750,000 |
| Average Home Value | $924,758 |
Housing Distribution
Address Breakdown
Residential
10,490
Single Family
3,337
Multi-Family
7,153
Businesses
1,797
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
Townhouse
Built in 1979
1,750 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77098, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,190 (100%) |
| Owner Occupied HU | 2,634 (23.5%) |
| Renter Occupied HU | 7,290 (65.1%) |
| Vacant Housing Units | 1,266 (11.3%) |
| Median Home Value | $750,000 |
| Average Home Value | $924,758 |
Housing Distribution
Address Breakdown
Residential
10,490
Single Family
3,337
Multi-Family
7,153
Businesses
1,797
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Terri Lockler • Engel & Volkers Houston
Mls Name: HAR
Mls Provider:
Mls ID: #58567211
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