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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 1500 Sandy Springs Rd APT 62, Houston, TX, 77042 offers a 9.3% rental yield on a $175,000 purchase with $1,356/mo rent. 79% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 64.32% and total cumulative return in cash at $37,315. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,356/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1980
N/A lot
$N/A/sqft
$480 monthly HOA
Neighborhood data shown for ZIP Code: 77042, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,063 (100%) |
| Owner Occupied HU | 4,722 (19.6%) |
| Renter Occupied HU | 16,302 (67.7%) |
| Vacant Housing Units | 3,039 (12.6%) |
| Median Home Value | $397,155 |
| Average Home Value | $445,691 |
Residential
20,718
Single Family
4,192
Multi-Family
16,526
Businesses
1,720
Date | Event | Price |
|---|---|---|
| 2024-12-20 | Price change | $175,000 |
| 2023-12-05 | Listing removed | N/A |
| 2023-12-02 | Listed for rent | $1,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $3189.73 | 5.54% | $152,446 | -12.54% |
| 2023-02-13 | $3022.24 | -4.06% | $174,299 | 21.83% |
| 2022-02-13 | $3150.16 | N/A | $143,066 | 12.89% |
Listed by: Chris Blackwell • Platinum 1 Properties, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #75886454
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