7009 Vandeman St #CHoustonTX77087
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 7009 Vandeman St #C, Houston, TX, 77087 in Houston the bet is firmly on appreciation. Rental yield 3.11%. The 3.11% gross yield on a $449,825 price is below income-first thresholds, but 5%/yr value growth projects $124,278 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.58) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $41,547.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.1% | 6.2% |
| Monthly Cash Flow | $(2,033) | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,166 |
| Total Monthly Debt Service | $3,020 |
| DSCR Ratio | 0.39x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Multi Family
Built in 1938
6,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77087, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,785 (100%) |
| Owner Occupied HU | 5,878 (49.9%) |
| Renter Occupied HU | 5,168 (43.9%) |
| Vacant Housing Units | 739 ( 6.3%) |
| Median Home Value | $172,518 |
| Average Home Value | $209,287 |
Housing Distribution
Address Breakdown
Residential
11,608
Single Family
8,717
Multi-Family
2,891
Businesses
1,477
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
Multi Family
Built in 1938
6,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77087, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,785 (100%) |
| Owner Occupied HU | 5,878 (49.9%) |
| Renter Occupied HU | 5,168 (43.9%) |
| Vacant Housing Units | 739 ( 6.3%) |
| Median Home Value | $172,518 |
| Average Home Value | $209,287 |
Housing Distribution
Address Breakdown
Residential
11,608
Single Family
8,717
Multi-Family
2,891
Businesses
1,477
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda Hernandez • Framework Properties
Mls Name: HAR
Mls Provider:
Mls ID: #51127593
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