3003 Preston StHoustonTX77003
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
Investment Highlights
Rental property for sale in Houston at 3003 Preston St, Houston, TX, 77003 priced at $569,990 converts $4,166/mo rent into $113/mo cash flow after a $2,790/mo obligation. Total monthly income equals $4,166/mo, and annual cash flow totals $1,350/yr on $187,527 invested. Return on cash invested prints 20.78% in year one, and rental yield reads 8.77% against a $569,990 entry. Equity gained on principal adds $3,678/yr, while 5% annual appreciation compiles into $157,478 by year five. Five-year ROI reaches 108.71% and total cumulative return in cash sums $203,866. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,166/mo property income covering a $2,790/mo payment, not borrower’s personal income.
Single Family
Built in 2024
2,500 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Zain Momin • Atlas Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #62938830
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