723 E Spreading Oak DrHoustonTX77076
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 723 E Spreading Oak Dr, Houston, TX, 77076 in Houston: $2,039/mo in rent, $368/mo in net income, 10.41% gross yield, 1.93 DSCR, all at $235,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $64,926 in appreciation and $2,164/yr in principal paydown projects total cumulative return of $113,756.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.2% |
| Monthly Cash Flow | $368 | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,039 |
| Total Monthly Debt Service | $1,578 |
| DSCR Ratio | 1.29x |
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 1956
6,721 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77076, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,368 (100%) |
| Owner Occupied HU | 4,757 (45.9%) |
| Renter Occupied HU | 4,688 (45.2%) |
| Vacant Housing Units | 923 ( 8.9%) |
| Median Home Value | $176,556 |
| Average Home Value | $227,130 |
Housing Distribution
Address Breakdown
Residential
9,945
Single Family
7,220
Multi-Family
2,725
Businesses
1,001
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 1956
6,721 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77076, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,368 (100%) |
| Owner Occupied HU | 4,757 (45.9%) |
| Renter Occupied HU | 4,688 (45.2%) |
| Vacant Housing Units | 923 ( 8.9%) |
| Median Home Value | $176,556 |
| Average Home Value | $227,130 |
Housing Distribution
Address Breakdown
Residential
9,945
Single Family
7,220
Multi-Family
2,725
Businesses
1,001
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices