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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 6402 Green Shoals Ln, Houston, TX, 77066 priced at $350,000 converts $2,777/mo rent into $217/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,777/mo, and annual cash flow totals $2,598/yr on $116,025 invested. Return on cash invested prints 22.15% in year one, and rental yield reads 9.52% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 116.35% and total cumulative return in cash sums $134,990. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,777/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2006
5,697 sqft lot
$N/A/sqft
$583 annually HOA
Neighborhood data shown for ZIP Code: 77066, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,519 (100%) |
| Owner Occupied HU | 7,725 (61.7%) |
| Renter Occupied HU | 4,309 (34.4%) |
| Vacant Housing Units | 485 ( 3.9%) |
| Median Home Value | $248,749 |
| Average Home Value | $299,792 |
Residential
11,082
Single Family
9,578
Multi-Family
1,504
Businesses
862
Date | Event | Price |
|---|---|---|
| 2024-12-20 | Listed for sale | $350,000 |
| 2024-12-02 | Price change | $2,350 |
| 2024-10-22 | Listed for rent | $2,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $317,474 | -5.92% |
| 2023-12-27 | $6085.22 | -1.03% | $337,446 | 9.91% |
| 2022-12-27 | $6148.27 | N/A | $307,012 | 28.55% |
Listed by: Isaias Contreras • Keller Williams Premier Realty
Mls Name: HAR
Mls Provider:
Mls ID: #63251656
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.
