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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 2924 Concord Village Way, Houston, TX, 77051 offers $2,874/mo rent that, after a $1,566/mo payment, leaves $486/mo cash flow. Total monthly income is $2,874/mo, and annual cash flow is $5,834/yr on $106,077 cash. Return on cash invested measures 25.41% in year one, and rental yield stands at 10.78% at a $319,990 entry. Equity gained on principal adds $2,065/yr while 5% annual appreciation compounds into $88,407 by year five. Five-year ROI records 134.04% and total cumulative return in cash reaches $142,188. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,874/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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 |
|---|---|---|
| 2024-08-24 | Price change | $319,990 |
| 2024-08-21 | Listed for sale | $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: #62716465
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.
