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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% |
Investment property for sale in Houston at 5230 Ridgewest St, Houston, TX, 77053 at $199,000 posts ROI 44.81% with $1,369/mo cash flow from $2,784/mo rent. Total monthly income equals $2,784/mo, and annual cash flow records $16,427/yr on $65,969 to close. Return on cash invested measures 44.81% and rental yield reads 16.79% at the current $199,000. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 by year five. Five-year ROI prints 237.58% and total cumulative return in cash totals $156,726.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,784/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1971
7,056 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77053, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,864 (100%) |
| Owner Occupied HU | 6,460 (65.5%) |
| Renter Occupied HU | 3,146 (31.9%) |
| Vacant Housing Units | 258 ( 2.6%) |
| Median Home Value | $172,252 |
| Average Home Value | $231,531 |
Residential
9,800
Single Family
9,415
Multi-Family
385
Businesses
369
Date | Event | Price |
|---|---|---|
| 2024-08-13 | Price change | $199,000 |
| 2024-07-18 | Listing removed | N/A |
| 2024-06-06 | Listed for rent | $1,200 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | $2530.10 | 5.62% | $177,165 | 17.28% |
| 2022-08-13 | $2395.52 | 21.30% | $151,060 | 27.20% |
| 2021-08-13 | $1974.86 | 17.31% | $118,760 | 19.46% |
Listed by: Wayne Comer • 360 Realty & Management
Mls Name: HAR
Mls Provider:
Mls ID: #17210034
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.
