ZIP CODE 77083 // HOUSTON-THE WOODLANDS-SUGAR LAND, TX // DATA AS OF 2026-09-30
Houston, TX (77083) Rental Property Cap Rate & Cash Flow Report
Located in Harris County (Houston, TX), Zip Code 77083 ranks #22 of 500 within this selected sample (96th percentile) with a Zillow ZHVI typical home-value index of $256,597 (-2.4% YoY) and a ZORI observed market rent of $1,893/mo (-3.0% YoY). Requires at least 24.4% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$72/mo
Annual: -$862/yr
Modeled Cap Rate
5.73%
NOI: $14,708/yr
Cash-on-Cash Return
-1.46%
Cash Needed: $59,017
1% Rule Ratio
0.74%
Gross Yield: 8.85%
Break-Even Rent
$1,976/mo
State Tax: 1.47%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 77083 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (TX Avg 1.47%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,297/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$667/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (77083)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $223,289 | $1,568/mo | 8.43% |
| 2022 | $265,352 | $1,684/mo | 7.62% |
| 2023 | $266,133 | $1,746/mo | 7.87% |
| 2024 | $271,127 | $1,831/mo | 8.10% |
| 2025 | $262,902 | $1,951/mo | 8.91% |
| 2026 | $256,597 | $1,893/mo | 8.85% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 77373 Spring, TX | $238,312 | $1,767/mo | 5.77% | -$59/mo |
| 75227 Dallas, TX | $220,969 | $1,702/mo | 6.07% | +$1/mo |
| 78577 Pharr, TX | $160,637 | $1,112/mo | 5.26% | -$108/mo |
| 75217 Dallas, TX | $194,030 | $1,521/mo | 6.21% | +$24/mo |
| 79928 El Paso, TX | $262,067 | $1,808/mo | 5.23% | -$182/mo |
| 78572 Mission, TX | $193,376 | $1,327/mo | 5.19% | -$141/mo |