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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 1221 Dewalt St, Houston, TX, 77088 priced at $285,000 converts $3,440/mo rent into $1,413/mo cash flow after a $1,395/mo obligation. Total monthly income equals $3,440/mo, and annual cash flow totals $16,959/yr on $94,478 invested. Return on cash invested prints 37.86% in year one, and rental yield reads 14.48% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 200.33% and total cumulative return in cash sums $189,270. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,440/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 2024
1,468 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77088, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,348 (100%) |
| Owner Occupied HU | 11,008 (56.9%) |
| Renter Occupied HU | 7,238 (37.4%) |
| Vacant Housing Units | 1,102 ( 5.7%) |
| Median Home Value | $222,266 |
| Average Home Value | $280,068 |
Residential
18,099
Single Family
14,602
Multi-Family
3,497
Businesses
571
Date | Event | Price |
|---|---|---|
| 2024-08-16 | Listed for sale | $285,000 |
| 2024-08-01 | Listing removed | N/A |
| 2024-05-29 | Listed for rent | $2,200 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $601.21 | 28.34% | $51,745 | 30.00% |
| 2022-08-16 | $468.46 | N/A | $39,804 | N/A |
Listed by: Valeria Torres • Corcoran Prestige Realty
Mls Name: HAR
Mls Provider:
Mls ID: #20027393
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.
