








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 11711 Memorial Dr APT 585, Houston, TX, 77024 uses $61,328 cash to close to unlock $1,031/yr annual cash flow and $86/mo monthly cash flow. Total monthly income runs $1,401/mo, and a $905/mo payment keeps the spread at $86/mo. Purchase price stands at $185,000, and rental yield measures 9.09% with $1,401/mo rent. Return on cash invested shows 21.59% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 113.06% and total cumulative return in cash records $69,339. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,401/mo property income covering a $905/mo payment rather than investor’s personal income.
Townhouse
Built in 1977
8.06 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77024, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,636 (100%) |
| Owner Occupied HU | 10,193 (54.7%) |
| Renter Occupied HU | 6,387 (34.3%) |
| Vacant Housing Units | 2,056 (11.0%) |
| Median Home Value | $1,152,422 |
| Average Home Value | $1,270,262 |
Residential
18,464
Single Family
8,893
Multi-Family
9,571
Businesses
2,413
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Karen Arbelaez • RE/MAX Fine Properties
Mls Name: HAR
Mls ID: #2601175