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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 6406 Chatham Island Ln, Houston, TX, 77035 offers a 11.99% rental yield on a $210,000 purchase with $2,099/mo rent. Total monthly income registers $2,099/mo, and a $1,028/mo payment leaves $520/mo available for distribution. Annual cash flow reaches $6,245/yr on $69,615 to close, and return on cash invested stands at 28.88% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 152.73% and total cumulative return in cash at $106,324. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,099/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
2,800 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77035, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,070 (100%) |
| Owner Occupied HU | 5,341 (38.0%) |
| Renter Occupied HU | 7,467 (53.1%) |
| Vacant Housing Units | 1,262 ( 9.0%) |
| Median Home Value | $328,034 |
| Average Home Value | $345,633 |
Residential
15,713
Single Family
7,397
Multi-Family
8,316
Businesses
794
Date | Event | Price |
|---|---|---|
| 2024-12-20 | Price change | $210,000 |
| 2024-12-06 | Listed for sale | $215,000 |
| 2020-04-21 | Listing removed | $1,450 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $232,032 | 3.73% |
| 2023-12-27 | $4507.03 | 5.31% | $223,694 | 15.09% |
| 2022-12-27 | $4279.82 | N/A | $194,370 | 7.08% |
Listed by: Gregory Ness • BK Real Estate LLC
Mls Name: HAR
Mls Provider:
Mls ID: #23368926
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.
