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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 6000 Reims Rd APT 2406, Houston, TX, 77036 generates $2,062/mo in rent and, after a $1,077/mo payment, leaves $7/mo in cash flow. Total monthly income is $2,062/mo, and annual cash flow is $88/yr on $72,930 invested. Return on cash invested sits at 20.03% in year one, and rental yield is 11.25% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 107.66% and total cumulative return in cash sums $78,515. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,062/mo property income rather than buyer’s personal income.
Condo
Built in 1984
11.90 Acres lot
$N/A/sqft
$490 monthly HOA
Neighborhood data shown for ZIP Code: 77036, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,980 (100%) |
| Owner Occupied HU | 5,246 (16.4%) |
| Renter Occupied HU | 24,101 (75.4%) |
| Vacant Housing Units | 2,633 ( 8.2%) |
| Median Home Value | $255,723 |
| Average Home Value | $275,133 |
Residential
29,653
Single Family
5,779
Multi-Family
23,874
Businesses
5,229
Date | Event | Price |
|---|---|---|
| 2024-10-17 | Listed for sale | $220,000 |
| 2022-12-29 | Listing removed | N/A |
| 2022-10-19 | Price change | $162,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $165,328 | 1.95% |
| 2023-12-27 | $3267.41 | -1.05% | $162,170 | 8.14% |
| 2022-12-27 | $3301.98 | N/A | $149,961 | 13.99% |
Listed by: Owais Baig • Keller Williams Premier Realty
Mls Name: HAR
Mls Provider:
Mls ID: #70724254
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.
