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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 12829 Lima Dr #2829, Houston, TX, 77099 generates $1,015/mo in rent, after a $622/mo payment. Total monthly income is $1,015/mo. Return on cash invested sits at 15.79% in year one, and rental yield is 9.59% on a $127,000 entry. Equity gained on principal adds $820/yr, while 5% annual appreciation builds toward $35,088 over five years. Five-year ROI reaches 84.68% and total cumulative return in cash sums $35,649. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,015/mo property income rather than buyer’s personal income.
Condo
Built in 1974
1,805 sqft lot
$N/A/sqft
$256 monthly HOA
Neighborhood data shown for ZIP Code: 77099, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,112 (100%) |
| Owner Occupied HU | 6,620 (38.7%) |
| Renter Occupied HU | 9,454 (55.2%) |
| Vacant Housing Units | 1,038 ( 6.1%) |
| Median Home Value | $195,067 |
| Average Home Value | $263,096 |
Residential
17,536
Single Family
7,807
Multi-Family
9,729
Businesses
1,447
Date | Event | Price |
|---|---|---|
| 2025-03-04 | Listed for sale | $127,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-04 | $928.21 | 25.27% | $75,830 | 17.33% |
| 2023-03-04 | $740.99 | -1.56% | $64,630 | N/A |
| 2022-03-04 | $752.73 | N/A | $64,630 | N/A |
Listed by: Gladys Castro • Walzel Properties - Corporate Office
Mls Name: HAR
Mls Provider:
Mls ID: #32681458
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