3402 Garrott St APT 2HoustonTX77006
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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 2, Houston, TX, 77006 listed at $184,400 pairs $1,730/mo rent with a $903/mo payment to leave $157/mo cash flow. Total monthly income runs $1,730/mo, and annual cash flow reaches $1,879/yr on $61,129 cash to close. Return on cash invested measures 22.98% in year one, and rental yield registers 11.26% at a $184,400 basis. Equity gained on principal adds $1,190/yr, and annual property appreciation at 5% supports $50,946 by year five. Five-year ROI tracks 122.43% and total cumulative return in cash totals $74,838. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,730/mo property income relative to a $903/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Apartment
Built in 1968
0.30 Acres lot
$N/A/sqft
$187 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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