3402 Garrott St APT 1HoustonTX77006
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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 3402 Garrott St APT 1, Houston, TX, 77006 uses $59,769 cash to close to unlock $2,329/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $1,765/mo, and a $882/mo payment keeps the spread at $194/mo. Purchase price stands at $180,300, and rental yield measures 11.75% with $1,765/mo rent. Return on cash invested shows 23.81% in year one, and 5% annual appreciation builds toward $49,814 over five years. Five-year ROI reaches 127.13% and total cumulative return in cash records $75,987. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,765/mo property income covering a $882/mo payment rather than investor’s personal income.
Apartment
Built in 1968
0.30 Acres lot
$N/A/sqft
$188 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77006, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,048 (100%) |
| Owner Occupied HU | 4,703 (29.3%) |
| Renter Occupied HU | 9,510 (59.3%) |
| Vacant Housing Units | 1,835 (11.4%) |
| Median Home Value | $584,748 |
| Average Home Value | $699,120 |
Housing Distribution
Address Breakdown
Residential
16,540
Single Family
7,006
Multi-Family
9,534
Businesses
1,141
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