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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% |
Rental property for sale in Houston at 11907 Elk Springs Dr, Houston, TX, 77067 priced at $215,000 converts $2,954/mo rent into $1,388/mo cash flow after a $1,052/mo obligation. Total monthly income equals $2,954/mo, and annual cash flow totals $16,655/yr on $71,273 invested. Return on cash invested prints 43.28% in year one, and rental yield reads 16.49% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 229.57% and total cumulative return in cash sums $163,621. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,954/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1982
6,403 sqft lot
$N/A/sqft
$450 annually HOA
Neighborhood data shown for ZIP Code: 77067, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,363 (100%) |
| Owner Occupied HU | 4,473 (43.2%) |
| Renter Occupied HU | 5,243 (50.6%) |
| Vacant Housing Units | 647 ( 6.2%) |
| Median Home Value | $211,846 |
| Average Home Value | $237,013 |
Residential
10,590
Single Family
5,689
Multi-Family
4,901
Businesses
642
Date | Event | Price |
|---|---|---|
| 2024-07-24 | Price change | $215,000 |
| 2024-06-12 | Listed for sale | $230,000 |
| 1998-10-06 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $147.44 | 9.70% | $212,037 | 9.64% |
| 2022-08-16 | $134.40 | N/A | $193,394 | 22.82% |
| 2021-08-16 | N/A | N/A | $157,461 | 17.88% |
Listed by: Jane NgaDung Nguyen • Alpha, REALTORS
Mls Name: HAR
Mls Provider:
Mls ID: #11532813
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.
