3603 Providence StHoustonTX77020
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 3603 Providence St, Houston, TX, 77020 in Houston at $199,000 earns $1,638/mo in rent and nets $200/mo after the $895/mo payment, a 9.88% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $54,980 over five years. Ziffy Mortgage underwrites this on a 1.83 DSCR without U.S. credit history. With $1,833/yr in principal paydown, total projected return reaches $89,214.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 6.2% |
| Monthly Cash Flow | $200 | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,638 |
| Total Monthly Debt Service | $1,359 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
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
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
Single Family
Built in 1940
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bruce Ham • Real Broker, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #92692898
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