2409 Bering Dr APT 24HoustonTX77057
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2409 Bering Dr APT 24, Houston, TX, 77057 in Houston speaks for itself: 10.66% gross on a $332,000 price, generating $2,950/mo in rent and $589/mo in net income after the $1,493/mo debt service. DSCR 1.98, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,064 stacks alongside $91,725 in projected five-year appreciation and $3,058/yr in principal reduction. Projected total cumulative return: $165,168.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.2% |
| Monthly Cash Flow | $589 | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,950 |
| Total Monthly Debt Service | $2,229 |
| DSCR Ratio | 1.32x |
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 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77057, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,665 (100%) |
| Owner Occupied HU | 7,302 (29.6%) |
| Renter Occupied HU | 14,773 (59.9%) |
| Vacant Housing Units | 2,590 (10.5%) |
| Median Home Value | $433,587 |
| Average Home Value | $626,740 |
Housing Distribution
Address Breakdown
Residential
24,132
Single Family
5,548
Multi-Family
18,584
Businesses
2,720
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 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77057, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,665 (100%) |
| Owner Occupied HU | 7,302 (29.6%) |
| Renter Occupied HU | 14,773 (59.9%) |
| Vacant Housing Units | 2,590 (10.5%) |
| Median Home Value | $433,587 |
| Average Home Value | $626,740 |
Housing Distribution
Address Breakdown
Residential
24,132
Single Family
5,548
Multi-Family
18,584
Businesses
2,720
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices