846 Elkhart St #CHoustonTX77091
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 846 Elkhart St #C, Houston, TX, 77091 in Houston. Priced at $319,888, it generates $4,708/mo in gross rent and $2,316/mo in net monthly cash flow, a 17.66% yield that comfortably supports the 3.27 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $27,794. Five-year appreciation: $88,379. Equity from principal paydown: $2,946/yr. Total projected cumulative return: $272,227.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.7% | 6.2% |
| Monthly Cash Flow | $2,316 | $450 |
City averages based on Houston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,708 |
| Total Monthly Debt Service | $2,264 |
| DSCR Ratio | 2.08x |
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 2023
1,694 sqft lot
$N/A/sqft
$1,400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77091, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,209 (100%) |
| Owner Occupied HU | 5,453 (44.7%) |
| Renter Occupied HU | 5,792 (47.4%) |
| Vacant Housing Units | 964 ( 7.9%) |
| Median Home Value | $257,704 |
| Average Home Value | $282,929 |
Housing Distribution
Address Breakdown
Residential
11,992
Single Family
6,445
Multi-Family
5,547
Businesses
958
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 2023
1,694 sqft lot
$N/A/sqft
$1,400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77091, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,209 (100%) |
| Owner Occupied HU | 5,453 (44.7%) |
| Renter Occupied HU | 5,792 (47.4%) |
| Vacant Housing Units | 964 ( 7.9%) |
| Median Home Value | $257,704 |
| Average Home Value | $282,929 |
Housing Distribution
Address Breakdown
Residential
11,992
Single Family
6,445
Multi-Family
5,547
Businesses
958
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices