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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 1711 Old Spanish Trl APT 328, Houston, TX, 77054 uses $106,080 cash to close to unlock $11,568/yr annual cash flow and $964/mo monthly cash flow. Total monthly income runs $3,924/mo, and a $1,566/mo payment keeps the spread at $964/mo. Purchase price stands at $320,000, and rental yield measures 14.71% with $3,924/mo rent. Return on cash invested shows 30.81% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 165.32% and total cumulative return in cash records $175,371. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,924/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$642 monthly HOA
Neighborhood data shown for ZIP Code: 77054, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,481 (100%) |
| Owner Occupied HU | 2,282 (13.8%) |
| Renter Occupied HU | 12,097 (73.4%) |
| Vacant Housing Units | 2,102 (12.8%) |
| Median Home Value | $269,018 |
| Average Home Value | $335,532 |
Residential
16,326
Single Family
683
Multi-Family
15,643
Businesses
1,214
Date | Event | Price |
|---|---|---|
| 2024-04-19 | Listed for sale | $320,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $5823.55 | -6.00% | $289,037 | 2.72% |
| 2022-08-15 | $6195.55 | N/A | $281,374 | 1.80% |
| 2021-08-15 | N/A | N/A | $276,400 | -6.20% |
Listed by: Donna Manley • Manley Realty Svcs PPLC
Mls Name: HAR
Mls Provider:
Mls ID: #52060437
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.
