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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 2918 Needham Garden Ln, Houston, TX, 77051 generates $2,514/mo in rent and, after a $1,542/mo payment, leaves $161/mo in cash flow. Total monthly income is $2,514/mo, and annual cash flow is $1,935/yr on $104,419 invested. Return on cash invested sits at 21.76% in year one, and rental yield is 9.58% on a $314,990 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,026 over five years. Five-year ROI reaches 114.49% and total cumulative return in cash sums $119,546. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,514/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$1,350 annually HOA
Neighborhood data shown for ZIP Code: 77051, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,323 (100%) |
| Owner Occupied HU | 3,326 (40.0%) |
| Renter Occupied HU | 4,159 (50.0%) |
| Vacant Housing Units | 838 (10.1%) |
| Median Home Value | $230,989 |
| Average Home Value | $227,082 |
Residential
7,424
Single Family
5,426
Multi-Family
1,998
Businesses
492
Date | Event | Price |
|---|---|---|
| 2024-12-16 | Listed for sale | $314,990 |
| 2024-12-14 | Listing removed | $314,990 |
| 2024-12-03 | Price change | $314,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Norisha Johnson • Nextgen Real Estate Properties
Mls Name: HAR
Mls Provider:
Mls ID: #94819400
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.
