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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 12323 De Forrest St, Houston, TX, 77066 priced at $279,000 pairs $3,410/mo rent with $1,401/mo cash flow after a $1,366/mo payment. Total monthly income equals $3,410/mo, and annual cash flow comes to $16,807/yr on $92,489 invested. Return on cash invested is 38.08% in year one, and rental yield stands at 14.67% on a $279,000 basis. Equity gained on principal adds $1,800/yr, and 5% annual appreciation accumulates to $77,083 by year five. Five-year ROI measures 201.63% and total cumulative return in cash reaches $186,487. For financing, Ziffy Mortgage’s DSCR program evaluates $3,410/mo property income against a $1,366/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
8,820 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood data shown for ZIP Code: 77066, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,519 (100%) |
| Owner Occupied HU | 7,725 (61.7%) |
| Renter Occupied HU | 4,309 (34.4%) |
| Vacant Housing Units | 485 ( 3.9%) |
| Median Home Value | $248,749 |
| Average Home Value | $299,792 |
Residential
11,082
Single Family
9,578
Multi-Family
1,504
Businesses
862
Date | Event | Price |
|---|---|---|
| 2024-09-02 | Listed for sale | $279,000 |
| 2024-08-29 | Pending sale | $279,000 |
| 2024-08-20 | Listed for sale | $279,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-04 | N/A | N/A | $260,445 | 20.73% |
| 2022-09-04 | $3149.41 | N/A | $215,721 | 8.79% |
| 2021-09-04 | N/A | N/A | $198,286 | 24.71% |
Listed by: Mohamed Junaid • Texas United Realty
Mls Name: HAR
Mls Provider:
Mls ID: #27278455
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.
