2920 Lamar StHoustonTX77003
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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
Investment property for sale in Houston at 2920 Lamar St, Houston, TX, 77003 uses $157,032 cash to close to unlock $2,894/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $4,016/mo, and a $2,319/mo payment keeps the spread at $241/mo. Purchase price stands at $473,700, and rental yield measures 10.17% with $4,016/mo rent. Return on cash invested shows 21.75% in year one, and 5% annual appreciation builds toward $130,875 over five years. Five-year ROI reaches 115.08% and total cumulative return in cash records $180,715. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,016/mo property income covering a $2,319/mo payment rather than investor’s personal income.
Townhouse
Built in 2019
1,742 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77003, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,128 (100%) |
| Owner Occupied HU | 2,860 (35.2%) |
| Renter Occupied HU | 3,800 (46.8%) |
| Vacant Housing Units | 1,468 (18.1%) |
| Median Home Value | $374,465 |
| Average Home Value | $405,495 |
Housing Distribution
Address Breakdown
Residential
6,521
Single Family
4,577
Multi-Family
1,944
Businesses
763
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