








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Hempstead at 36847 Richard Frey 2 8 Rd #8, Hempstead, TX, 77445 listed at $139,000 pairs $1,110/mo rent with a $680/mo payment to leave $122/mo cash flow. Total monthly income runs $1,110/mo, and annual cash flow reaches $1,463/yr on $46,079 cash to close. Return on cash invested measures 23.08% in year one, and rental yield registers 9.58% at a $139,000 basis. Equity gained on principal adds $897/yr, and annual property appreciation at 5% supports $38,403 by year five. Five-year ROI tracks 121.09% and total cumulative return in cash totals $55,796. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,110/mo property income relative to a $680/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77445, Hempstead, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,611 (100%) |
| Owner Occupied HU | 3,847 (58.2%) |
| Renter Occupied HU | 1,887 (28.5%) |
| Vacant Housing Units | 877 (13.3%) |
| Median Home Value | $270,294 |
| Average Home Value | $379,184 |
Residential
6,096
Single Family
5,706
Multi-Family
390
Businesses
448
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Mitchell Haynes • BuyBroker
Mls Name: HAR
Mls ID: #60090372