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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 1515 Sandy Springs Rd APT 401, Houston, TX, 77042 offers a 9.44% rental yield on a $172,500 purchase with $1,357/mo rent. 92% in year one. Equity gained on principal adds $1,113/yr while 5% annual appreciation supports $47,659 over five years. Portfolio math shows five-year ROI at 65.16% and total cumulative return in cash at $37,262. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,357/mo property income against a $844/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
2.87 Acres lot
$N/A/sqft
$498 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 |
|---|---|---|
| 2024-12-08 | Listed for sale | $172,500 |
| 2024-11-20 | Listing removed | $1,675 |
| 2024-11-08 | Price change | $172,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $3025.24 | 5.12% | $144,585 | 1.22% |
| 2023-02-13 | $2878.00 | -3.67% | $142,842 | 5.27% |
| 2022-02-13 | $2987.72 | N/A | $135,689 | 15.30% |
Listed by: Andre Beraud • Brooks & Davis Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #75968371
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