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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 12902 Meredith Gate Ct, Houston, TX, 77044 offers a 11.93% rental yield on a $300,000 purchase with $2,982/mo rent. Total monthly income registers $2,982/mo, and a $1,468/mo payment leaves $767/mo available for distribution. Annual cash flow reaches $9,208/yr on $99,450 to close, and return on cash invested stands at 29.17% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 154.08% and total cumulative return in cash at $153,228. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,982/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
10,693 sqft lot
$N/A/sqft
$980 annually HOA
Neighborhood data shown for ZIP Code: 77044, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,104 (100%) |
| Owner Occupied HU | 14,332 (71.3%) |
| Renter Occupied HU | 4,865 (24.2%) |
| Vacant Housing Units | 907 ( 4.5%) |
| Median Home Value | $310,214 |
| Average Home Value | $341,856 |
Residential
19,641
Single Family
17,196
Multi-Family
2,445
Businesses
525
Date | Event | Price |
|---|---|---|
| 2025-02-01 | Listed for sale | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | $1937.96 | 22.29% | $334,209 | 5.91% |
| 2023-02-12 | $1584.75 | 8.53% | $315,552 | 9.04% |
| 2022-02-12 | $1460.20 | N/A | $289,381 | 16.46% |
Listed by: La Shaun Fontenot • RA Brokers
Mls Name: HAR
Mls Provider:
Mls ID: #93013063
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