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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 Pearland at 2307 Goodrich St, Pearland, TX, 77581 priced at $277,500 converts $2,538/mo rent into $501/mo cash flow after a $1,358/mo obligation. Total monthly income equals $2,538/mo, and annual cash flow totals $6,013/yr on $91,991 invested. Return on cash invested prints 26.45% in year one, and rental yield reads 10.98% against a $277,500 entry. Equity gained on principal adds $1,791/yr, while 5% annual appreciation compiles into $76,668 by year five. Five-year ROI reaches 139.45% and total cumulative return in cash sums $128,284. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,538/mo property income covering a $1,358/mo payment, not borrower’s personal income.
Single Family
Built in 1978
7,348 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77581, Pearland, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,504 (100%) |
| Owner Occupied HU | 13,926 (75.3%) |
| Renter Occupied HU | 3,712 (20.1%) |
| Vacant Housing Units | 866 ( 4.7%) |
| Median Home Value | $351,364 |
| Average Home Value | $371,871 |
Residential
18,020
Single Family
15,010
Multi-Family
3,010
Businesses
1,581
Date | Event | Price |
|---|---|---|
| 2024-12-04 | Listed for rent | $2,000 |
| 2024-11-01 | Listed for sale | $277,500 |
| 2024-10-29 | Pending sale | $277,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $243,703 | 0.78% |
| 2023-12-27 | $5371.88 | 20.90% | $241,820 | 30.92% |
| 2022-12-27 | $4443.34 | -5.08% | $184,710 | 0.82% |
Listed by: Kenneth Tuggle • RE/MAX Fine Properties
Mls Name: HAR
Mls Provider:
Mls ID: #90310533
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