3409 Providence StHoustonTX77020
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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
Rental property for sale in Houston at 3409 Providence St, Houston, TX, 77020 priced at $340,000 converts $1,918/mo rent into after a $1,664/mo obligation. Total monthly income equals $1,918/mo. Return on cash invested prints 14.59% in year one, and rental yield reads 6.77% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 75.56% and total cumulative return in cash sums $85,158. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,918/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Multi Family
Built in 1930
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77020, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,365 (100%) |
| Owner Occupied HU | 4,634 (44.7%) |
| Renter Occupied HU | 4,606 (44.4%) |
| Vacant Housing Units | 1,125 (10.9%) |
| Median Home Value | $166,126 |
| Average Home Value | $235,260 |
Housing Distribution
Address Breakdown
Residential
9,635
Single Family
8,495
Multi-Family
1,140
Businesses
1,009
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Listed by: Ashley Ruby • Walzel Properties - Corporate Office
Mls Name: HAR
Mls Provider:
Mls ID: #89816140
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