Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 1502 Scharpe St, Houston, TX, 77023 offers $2,996/mo rent that, after a $1,884/mo payment, leaves $228/mo cash flow. Total monthly income is $2,996/mo, and annual cash flow is $2,741/yr on $127,628 cash. Return on cash invested measures 22.06% in year one, and rental yield stands at 9.34% at a $385,000 entry. Equity gained on principal adds $2,484/yr while 5% annual appreciation compounds into $106,368 by year five. Five-year ROI records 115.69% and total cumulative return in cash reaches $147,646. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,996/mo property income versus a $1,884/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77023, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,449 (100%) |
| Owner Occupied HU | 4,708 (41.1%) |
| Renter Occupied HU | 5,593 (48.9%) |
| Vacant Housing Units | 1,148 (10.0%) |
| Median Home Value | $327,051 |
| Average Home Value | $347,036 |
Residential
10,991
Single Family
8,014
Multi-Family
2,977
Businesses
945
Date | Event | Price |
|---|---|---|
| 2025-02-07 | Listed for sale | $385,000 |
| 2025-01-30 | Pending sale | $385,000 |
| 2025-01-03 | Price change | $385,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | $6752.48 | -15.91% | $322,720 | -19.02% |
| 2023-02-12 | $8029.73 | 23.62% | $398,535 | 28.83% |
| 2022-02-12 | $6495.57 | N/A | $309,354 | 12.81% |
Listed by: Terry Tompkins • Keller Williams Realty Metropolitan
Mls Name: HAR
Mls Provider:
Mls ID: #98479147
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.
