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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 3006 Austin St, Houston, TX, 77004 generates $3,112/mo in rent and, after a $1,904/mo payment, leaves $346/mo in cash flow. Total monthly income is $3,112/mo, and annual cash flow is $4,149/yr on $128,954 invested. Return on cash invested sits at 23.13% in year one, and rental yield is 9.6% on a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 121.3% and total cumulative return in cash sums $156,426. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,112/mo property income rather than buyer’s personal income.
Townhouse
Built in 2003
1,463 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77004, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,427 (100%) |
| Owner Occupied HU | 5,165 (26.6%) |
| Renter Occupied HU | 10,836 (55.8%) |
| Vacant Housing Units | 3,426 (17.6%) |
| Median Home Value | $411,742 |
| Average Home Value | $446,849 |
Residential
17,148
Single Family
10,181
Multi-Family
6,967
Businesses
1,153
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Listed for sale | $389,000 |
| 2024-09-15 | Listing removed | $399,000 |
| 2024-09-10 | Listed for sale | $399,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-21 | $4431.87 | -8.74% | $338,800 | 2.82% |
| 2022-10-21 | $4856.11 | N/A | $329,498 | 8.55% |
| 2021-10-21 | N/A | N/A | $303,546 | 10.64% |
Listed by: Caroline Billipp • Greenwood King Properties - Kirby Office
Mls Name: HAR
Mls Provider:
Mls ID: #92123001
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.
