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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 11550 Chimney Rock Rd APT 331, Houston, TX, 77035 offers a 14.44% rental yield on a $144,500 purchase with $1,739/mo rent. Total monthly income registers $1,739/mo, and a $707/mo payment leaves $286/mo available for distribution. Annual cash flow reaches $3,430/yr on $47,902 to close, and return on cash invested stands at 27.07% in year one. Equity gained on principal adds $932/yr while 5% annual appreciation supports $39,923 over five years. Portfolio math shows five-year ROI at 146.34% and total cumulative return in cash at $70,099. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,739/mo property income against a $707/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1971
7.69 Acres lot
$N/A/sqft
$423 monthly HOA
Neighborhood data shown for ZIP Code: 77035, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,070 (100%) |
| Owner Occupied HU | 5,341 (38.0%) |
| Renter Occupied HU | 7,467 (53.1%) |
| Vacant Housing Units | 1,262 ( 9.0%) |
| Median Home Value | $328,034 |
| Average Home Value | $345,633 |
Residential
15,713
Single Family
7,397
Multi-Family
8,316
Businesses
794
Date | Event | Price |
|---|---|---|
| 2024-11-14 | Price change | $144,500 |
| 2024-10-16 | Listed for sale | $148,500 |
| 2011-03-17 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $120,809 | N/A |
| 2023-12-27 | $2434.07 | 4.34% | $120,809 | 14.03% |
| 2022-12-27 | $2332.88 | N/A | $105,949 | 23.44% |
Listed by: Michael Copenhaver • RE/MAX Signature
Mls Name: HAR
Mls Provider:
Mls ID: #22012134
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.
