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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 5638 Spellman Rd, Houston, TX, 77096 listed at $349,000 pairs $3,246/mo rent with a $1,708/mo payment to leave $764/mo cash flow. Total monthly income runs $3,246/mo, and annual cash flow reaches $9,173/yr on $115,694 cash to close. Return on cash invested measures 27.84% in year one, and rental yield registers 11.16% at a $349,000 basis. Equity gained on principal adds $2,252/yr, and annual property appreciation at 5% supports $96,422 by year five. Five-year ROI tracks 146.59% and total cumulative return in cash totals $169,596. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,246/mo property income relative to a $1,708/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
9,121 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77096, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,929 (100%) |
| Owner Occupied HU | 6,665 (41.8%) |
| Renter Occupied HU | 7,735 (48.6%) |
| Vacant Housing Units | 1,529 ( 9.6%) |
| Median Home Value | $426,564 |
| Average Home Value | $488,229 |
Residential
15,435
Single Family
7,815
Multi-Family
7,620
Businesses
762
Date | Event | Price |
|---|---|---|
| 2025-07-21 | Listed for sale | $349,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-21 | $531.77 | N/A | $327,843 | -3.29% |
| 2023-07-21 | N/A | N/A | $338,984 | 5.26% |
| 2022-07-21 | $1797.87 | N/A | $322,045 | 17.81% |
Listed by: Donna Strom • Camelot Realty Group
Mls Name: HAR
Mls Provider:
Mls ID: #67481188
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