914 Main St UNIT 1104HoustonTX77002
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
Investment Highlights
Investment property for sale in Houston at 914 Main St UNIT 1104, Houston, TX, 77002 offers a 14.99% rental yield on a $450,000 purchase with $5,622/mo rent. Total monthly income registers $5,622/mo, and a $2,203/mo payment leaves $713/mo available for distribution. Annual cash flow reaches $8,550/yr on $149,175 to close, and return on cash invested stands at 25.64% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 139.77% and total cumulative return in cash at $208,506. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,622/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1995
N/A lot
$N/A/sqft
$1,709 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77002, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,022 (100%) |
| Owner Occupied HU | 1,032 ( 9.4%) |
| Renter Occupied HU | 7,847 (71.2%) |
| Vacant Housing Units | 2,143 (19.4%) |
| Median Home Value | $397,152 |
| Average Home Value | $492,078 |
Housing Distribution
Address Breakdown
Residential
8,644
Single Family
828
Multi-Family
7,816
Businesses
3,165
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicole Brende • Compass RE Texas, LLC - Houston
Mls Name: HAR
Mls Provider:
Mls ID: #6465568
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.