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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 12237 Lemon Ridge Ln #122, Houston, TX, 77035 offers a 9.48% rental yield on a $135,000 purchase with $1,067/mo rent. 83% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 64.7% and total cumulative return in cash at $28,957. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,067/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1980
1,096 sqft lot
$N/A/sqft
$402 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 |
|---|---|---|
| 2025-03-12 | Listed for sale | $135,000 |
| 2009-01-11 | Listing removed | $46,500 |
| 2008-10-17 | Listed for sale | $46,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-12 | $2312.21 | 10.73% | $110,507 | 6.63% |
| 2023-03-12 | $2088.13 | 3.31% | $103,639 | 12.91% |
| 2022-03-12 | $2021.18 | N/A | $91,793 | 28.98% |
Listed by: Kendyl Maurer-Somer • Weichert, Realtors - The Murray Group
Mls Name: HAR
Mls Provider:
Mls ID: #34595432
Disclaimer: Copyright 2025, 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.
