915 Franklin St UNIT 2LHoustonTX77002
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
Rental property for sale in Houston at 915 Franklin St UNIT 2L, Houston, TX, 77002 generates $3,070/mo in rent, after a $1,639/mo payment. Total monthly income is $3,070/mo. Return on cash invested sits at 15.79% in year one, and rental yield is 11% on a $334,899 entry. Equity gained on principal adds $2,161/yr, while 5% annual appreciation builds toward $92,526 over five years. Five-year ROI reaches 86.2% and total cumulative return in cash sums $95,701. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,070/mo property income rather than buyer’s personal income.
Condo
Built in 1997
1.17 Acres lot
$N/A/sqft
$949 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