50 Evanston St APT 3HoustonTX77015
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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 50 Evanston St APT 3, Houston, TX, 77015 priced at $184,990 pairs $1,790/mo rent with $475/mo cash flow after a $905/mo payment. Total monthly income equals $1,790/mo, and annual cash flow comes to $5,699/yr on $61,324 invested. Return on cash invested is 29.2% in year one, and rental yield stands at 11.61% on a $184,990 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,109 by year five. Five-year ROI measures 153.88% and total cumulative return in cash reaches $94,367. For financing, Ziffy Mortgage’s DSCR program evaluates $1,790/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1997
1,167 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77015, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,647 (100%) |
| Owner Occupied HU | 9,361 (47.6%) |
| Renter Occupied HU | 8,742 (44.5%) |
| Vacant Housing Units | 1,544 ( 7.9%) |
| Median Home Value | $189,541 |
| Average Home Value | $256,734 |
Housing Distribution
Address Breakdown
Residential
18,481
Single Family
13,759
Multi-Family
4,722
Businesses
1,566
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