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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Houston at 11031 Rippling Meadows Dr, Houston, TX, 77064 listed at $300,000 pairs $2,620/mo rent with a $1,468/mo payment to leave $455/mo cash flow. Total monthly income runs $2,620/mo, and annual cash flow reaches $5,459/yr on $99,450 cash to close. Return on cash invested measures 25.4% in year one, and rental yield registers 10.48% at a $300,000 basis. Equity gained on principal adds $1,936/yr, and annual property appreciation at 5% supports $82,884 by year five. Five-year ROI tracks 133.63% and total cumulative return in cash totals $132,900. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,620/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1981
6,786 sqft lot
$N/A/sqft
$385 annually HOA
Neighborhood data shown for ZIP Code: 77064, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,816 (100%) |
| Owner Occupied HU | 10,077 (59.9%) |
| Renter Occupied HU | 6,068 (36.1%) |
| Vacant Housing Units | 671 ( 4.0%) |
| Median Home Value | $266,392 |
| Average Home Value | $279,106 |
Residential
16,818
Single Family
12,390
Multi-Family
4,428
Businesses
1,219
Date | Event | Price |
|---|---|---|
| 2024-10-12 | Price change | $300,000 |
| 2024-10-09 | Price change | $309,900 |
| 2024-09-30 | Listed for sale | $319,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-21 | $1710.51 | 15.21% | $248,965 | 7.82% |
| 2022-10-21 | $1484.73 | N/A | $230,918 | 19.95% |
| 2021-10-21 | N/A | N/A | $192,510 | 18.10% |
Listed by: Carl Murd • Lion Drive Realty
Mls Name: HAR
Mls Provider:
Mls ID: #53286874
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