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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 12119 Lemon Ridge Ln #121, Houston, TX, 77035 generates $2,483/mo in rent and, after a $710/mo payment, leaves $1,119/mo in cash flow. Total monthly income is $2,483/mo, and annual cash flow is $13,423/yr on $48,068 invested. Return on cash invested sits at 47.83% in year one, and rental yield is 20.55% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 256.86% and total cumulative return in cash sums $123,464. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,483/mo property income rather than buyer’s personal income.
Townhouse
Built in 1980
N/A lot
$N/A/sqft
$333 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 |
|---|---|---|
| 2024-07-13 | Listed for sale | $145,000 |
| 2023-08-15 | Listing removed | N/A |
| 2023-07-11 | Pending sale | $130,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $2378.68 | 1.69% | $118,059 | 11.13% |
| 2022-08-15 | $2339.22 | N/A | $106,236 | 29.50% |
| 2021-08-15 | N/A | N/A | $82,035 | 19.33% |
Listed by: Elisa Gonzalez • Keller Williams Realty Professionals
Mls Name: HAR
Mls Provider:
Mls ID: #98910554
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.
