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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 3015 Walnut Bend Ln APT 22, Houston, TX, 77042 generates $2,521/mo in rent and, after a $578/mo payment, leaves $1,236/mo in cash flow. Total monthly income is $2,521/mo, and annual cash flow is $14,837/yr on $39,117 invested. Return on cash invested sits at 57.84% in year one, and rental yield is 25.64% on a $118,000 entry. Equity gained on principal adds $761/yr, while 5% annual appreciation builds toward $32,601 over five years. Five-year ROI reaches 312.49% and total cumulative return in cash sums $122,235. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,521/mo property income rather than buyer’s personal income.
Condo
Built in 1979
5.89 Acres lot
$N/A/sqft
$445 monthly HOA
Neighborhood data shown for ZIP Code: 77042, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,063 (100%) |
| Owner Occupied HU | 4,722 (19.6%) |
| Renter Occupied HU | 16,302 (67.7%) |
| Vacant Housing Units | 3,039 (12.6%) |
| Median Home Value | $397,155 |
| Average Home Value | $445,691 |
Residential
20,718
Single Family
4,192
Multi-Family
16,526
Businesses
1,720
Date | Event | Price |
|---|---|---|
| 2024-08-13 | Listed for sale | $118,000 |
| 2022-05-13 | Listing removed | N/A |
| 2022-04-20 | Pending sale | $100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $969.21 | 8.06% | $123,102 | 28.53% |
| 2022-08-15 | $896.94 | N/A | $95,774 | 16.05% |
| 2021-08-15 | N/A | N/A | $82,525 | -2.76% |
Listed by: Adam Olsen • eXp Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #58850608
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.
