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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 1505 Canter Bayou Way, Houston, TX, 77043 offers a 9.54% rental yield on a $399,900 purchase with $3,180/mo rent. Total monthly income registers $3,180/mo, and a $1,957/mo payment leaves $201/mo available for distribution. Annual cash flow reaches $2,414/yr on $132,567 to close, and return on cash invested stands at 21.73% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 114.28% and total cumulative return in cash at $151,496. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,180/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
1,755 sqft lot
$N/A/sqft
$1,625 annually HOA
Neighborhood data shown for ZIP Code: 77043, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,986 (100%) |
| Owner Occupied HU | 5,840 (45.0%) |
| Renter Occupied HU | 5,973 (46.0%) |
| Vacant Housing Units | 1,173 ( 9.0%) |
| Median Home Value | $403,744 |
| Average Home Value | $404,316 |
Residential
11,310
Single Family
6,765
Multi-Family
4,545
Businesses
1,402
Date | Event | Price |
|---|---|---|
| 2025-06-16 | Listed for sale | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-16 | $3197.93 | 4.14% | $354,417 | -7.78% |
| 2023-06-16 | $3070.89 | 8.47% | $384,333 | 16.11% |
| 2022-06-16 | $2831.02 | N/A | $330,998 | 224.82% |
Listed by: Lizz Sansone • RE/MAX Fine Properties
Mls Name: HAR
Mls Provider:
Mls ID: #96899692
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.
