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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 16939 Watering Oaks Ln, Houston, TX, 77083 generates $1,916/mo in rent, after a $1,346/mo payment. Total monthly income is $1,916/mo. Return on cash invested sits at 19.39% in year one, and rental yield is 8.36% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 101.28% and total cumulative return in cash sums $92,327. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,916/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
5,749 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2010-07-29 | Listing removed | $125,800 |
| 2010-07-06 | Price change | $125,800 |
| 2010-06-16 | Listed for sale | $130,800 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | N/A | N/A | $291,598 | 10.00% |
| 2023-02-12 | $989.23 | -57.82% | $265,089 | 10.00% |
| 2022-02-12 | $2345.53 | 2.26% | $240,990 | 5.96% |
Listed by: Raphael Ojo • Discovered Homes Inv.Inc. Raphael Ojo
Mls Name: HAR
Mls Provider:
Mls ID: #81737328
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.
