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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% |
Rental property for sale in Houston at 16427 Pradera Dr, Houston, TX, 77083 offers $3,199/mo rent that, after a $1,199/mo payment, leaves $1,424/mo cash flow. Total monthly income is $3,199/mo, and annual cash flow is $17,083/yr on $81,218 cash. Return on cash invested measures 40.94% in year one, and rental yield stands at 15.67% at a $245,000 entry. Equity gained on principal adds $1,581/yr while 5% annual appreciation compounds into $67,689 by year five. Five-year ROI records 217.05% and total cumulative return in cash reaches $176,280. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,199/mo property income versus a $1,199/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
6,891 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood data shown for ZIP Code: 77083, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,942 (100%) |
| Owner Occupied HU | 14,881 (64.9%) |
| Renter Occupied HU | 7,425 (32.4%) |
| Vacant Housing Units | 636 ( 2.8%) |
| Median Home Value | $257,596 |
| Average Home Value | $292,331 |
Residential
22,671
Single Family
18,760
Multi-Family
3,911
Businesses
1,018
Date | Event | Price |
|---|---|---|
| 2024-08-24 | Listed for sale | $245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $1824.45 | -23.33% | $199,749 | 10.00% |
| 2022-08-30 | $2379.74 | -1.16% | $181,590 | 10.00% |
| 2021-08-30 | $2407.67 | 0.16% | $165,080 | 1.63% |
Listed by: Sharon Parker • Keller Williams Realty Southwest
Mls Name: HAR
Mls Provider:
Mls ID: #16970407
Disclaimer: Copyright 2024, 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.
