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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 3100 Walnut Bend Ln #521, Houston, TX, 77042 generates $2,420/mo in rent and, after a $661/mo payment, leaves $1,068/mo in cash flow. Total monthly income is $2,420/mo, and annual cash flow is $12,813/yr on $44,749 invested. Return on cash invested sits at 48.54% in year one, and rental yield is 21.51% on a $134,990 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,295 over five years. Five-year ROI reaches 261.42% and total cumulative return in cash sums $116,985. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,420/mo property income rather than buyer’s personal income.
Condo
Built in 1980
8.44 Acres lot
$N/A/sqft
$392 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 |
|---|---|---|
| 2024-08-23 | Listed for sale | $134,990 |
| 2014-04-11 | Listing removed | $55,000 |
| 2014-04-02 | Pending sale | $55,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-26 | $1492.57 | 7.88% | $130,184 | 9.59% |
| 2022-08-26 | $1383.55 | N/A | $118,791 | 26.66% |
| 2021-08-26 | N/A | N/A | $93,789 | 1.53% |
Listed by: Kendall Castro Parada • Lucky Money Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #9573070
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.
