3224 McGowen StHoustonTX77004
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
Investment property for sale in Houston at 3224 McGowen St, Houston, TX, 77004 with 5% annual appreciation on a $749,900 basis while $1,020/mo rent supports operations. 91% in year one. Equity gained on principal adds $4,839/yr, and five-year appreciation sums $207,184 alongside rental yield of 1.63%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,020/mo property income versus a $3,670/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1938
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77004, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,427 (100%) |
| Owner Occupied HU | 5,165 (26.6%) |
| Renter Occupied HU | 10,836 (55.8%) |
| Vacant Housing Units | 3,426 (17.6%) |
| Median Home Value | $411,742 |
| Average Home Value | $446,849 |
Housing Distribution
Address Breakdown
Residential
17,148
Single Family
10,181
Multi-Family
6,967
Businesses
1,153
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Toke Ettehadieh • Compass RE Texas, LLC - Houston
Mls Name: HAR
Mls Provider:
Mls ID: #17134030
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.