6229 Carew StHoustonTX77074
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.34% yield at 6229 Carew St, Houston, TX, 77074 in Houston is solid, but the $1,385/mo payment compresses net cash flow to $121/mo at $308,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $85,095 by year five, and $2,837/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.73) without U.S. income documentation. Total projected return: $126,219.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.2% |
| Monthly Cash Flow | $121 | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,398 |
| Total Monthly Debt Service | $2,154 |
| DSCR Ratio | 1.11x |
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 1954
7,161 sqft lot
$N/A/sqft
$40 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77074, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,800 (100%) |
| Owner Occupied HU | 4,392 (27.8%) |
| Renter Occupied HU | 9,971 (63.1%) |
| Vacant Housing Units | 1,437 ( 9.1%) |
| Median Home Value | $240,326 |
| Average Home Value | $263,668 |
Housing Distribution
Address Breakdown
Residential
14,136
Single Family
5,811
Multi-Family
8,325
Businesses
2,034
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 1954
7,161 sqft lot
$N/A/sqft
$40 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77074, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,800 (100%) |
| Owner Occupied HU | 4,392 (27.8%) |
| Renter Occupied HU | 9,971 (63.1%) |
| Vacant Housing Units | 1,437 ( 9.1%) |
| Median Home Value | $240,326 |
| Average Home Value | $263,668 |
Housing Distribution
Address Breakdown
Residential
14,136
Single Family
5,811
Multi-Family
8,325
Businesses
2,034
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wai Fong Leong • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #70027857
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