Furnished Short-Term Rental
For Sale
$474,900
9320 Coffee Street A-B, Houston, TX 77033
Turnkey furnished home with contemporary finishes and an established short-term rental use.
Property Size2,672 SF
Price / SF$177.73
Days on Market19
Property Features for 9320 Coffee Street A-B
General Information
Standard status
Active
Size
2,672 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Additional Details
Furnished
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,842
Amenities
wide-plank flooring
recessed lighting
quartz countertops
stainless steel appliances
white cabinetry
LED-backlit mirrors
custom tile work
Yes
2
3
Appraiser
3869
2672
Building Details
Building Size
2,672 SF
Year Built
2021
Stories
2
Listing Agency:
JLA Realty
(713) 961-1722
Listed By:
Leah Manuel
(248) 867-0080
Source:
Garygreene
Added: Aug 15
Changed: Sep 2
Last Checked: Sep 1 at 3:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLA Realty
Investment Insights
Based on property information with market context.
Built in 2021, this furnished short-term rental home offers 2,672 square feet with three bedrooms and two-and-a-half bathrooms. The interior is arranged around an open-concept living area and includes wide-plank flooring, recessed lighting, quartz countertops with a waterfall edge, stainless steel appliances, and white cabinetry. Contemporary bathroom improvements include LED-backlit mirrors and custom tile work, while minimalist bedroom finishes complete the residence.
The property is located in South Houston near the Texas Medical Center, NRG Stadium, and the Hobby Airport corridor. Major highway access connects the home with area dining, shopping, and entertainment destinations. It is currently operated as a short-term rental and is being offered fully furnished.
The property is located in South Houston near the Texas Medical Center, NRG Stadium, and the Hobby Airport corridor. Major highway access connects the home with area dining, shopping, and entertainment destinations. It is currently operated as a short-term rental and is being offered fully furnished.
Key Highlights
- Fully furnished 2,672‑square‑foot short‑term rental home
- Three bedrooms and two‑and‑a‑half bathrooms
- Built in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,272
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$605,440
$605.4K
Cap Rate 7%
$432,457
$432.5K
Cap Rate 9%
$336,356
$336.4K
Market Conditions
NOI Build-Up for 2,672 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.7K $21.96/SF
− Vacancy
−$3.6K −$1.36/SF
EGI
$55.0K $20.60/SF
− OpEx
−$24.8K −$9.27/SF
NOI
$30.3K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$605,440
Cap Rate 7%
$432,457
Cap Rate 9%
$336,356
Alternative Uses
Best Use
Apartment 5plus
$432.5K
$378.4K – $504.5K
NOI $30,272 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$687.1K
$601.2K – $801.6K
NOI $48,096 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Explore this area
Business Placement
Demographics for 77033, TX
28,369
Population
10,228
Households
2.8
Avg Household Size
36
Median Age
9%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
4,977
Density / Sq Mi
$37,081
Median Household Income
$28,459
Median Earnings
$1,204
Median Rent
$98,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Turnkey furnished home with contemporary finishes and an established short-term rental use.
Where is this short term rental property located?
The property is located at 9320 Coffee Street A-B Houston, TX.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Fully furnished 2,672‑square‑foot short‑term rental home; Three bedrooms and two‑and‑a‑half bathrooms; Built in 2021
