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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 1911 Sherwood Forest St APT 11, Houston, TX, 77043 generates $2,418/mo in rent and, after a $905/mo payment, leaves $603/mo in cash flow. Total monthly income is $2,418/mo, and annual cash flow is $7,238/yr on $61,294 invested. Return on cash invested sits at 31.72% in year one, and rental yield is 15.69% on a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 171% and total cumulative return in cash sums $104,815. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,418/mo property income rather than buyer’s personal income.
Condo
Built in 1971
2.40 Acres lot
$N/A/sqft
$500 monthly 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 |
|---|---|---|
| 2024-07-24 | Price change | $184,900 |
| 2024-06-12 | Price change | $189,900 |
| 2024-05-27 | Listed for sale | $198,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | N/A | N/A | $163,853 | 57.25% |
| 2022-08-16 | $778.73 | N/A | $104,199 | 25.89% |
| 2021-08-16 | N/A | N/A | $82,771 | N/A |
Listed by: Theresa Churgin • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #89782118
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.
