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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 6961 Ardmore St, Houston, TX, 77054 priced at $315,000 converts $2,914/mo rent into $610/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,914/mo, and annual cash flow totals $7,317/yr on $104,423 invested. Return on cash invested prints 26.92% in year one, and rental yield reads 11.1% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 141.91% and total cumulative return in cash sums $148,181. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,914/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Townhouse
Built in 2008
1,831 sqft lot
$N/A/sqft
$64 monthly HOA
Neighborhood data shown for ZIP Code: 77054, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,481 (100%) |
| Owner Occupied HU | 2,282 (13.8%) |
| Renter Occupied HU | 12,097 (73.4%) |
| Vacant Housing Units | 2,102 (12.8%) |
| Median Home Value | $269,018 |
| Average Home Value | $335,532 |
Residential
16,326
Single Family
683
Multi-Family
15,643
Businesses
1,214
Date | Event | Price |
|---|---|---|
| 2025-05-02 | Listed for sale | $315,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-03 | $3943.60 | 3.85% | $301,302 | -4.05% |
| 2023-05-03 | $3797.34 | -10.12% | $314,036 | 19.54% |
| 2022-05-03 | $4225.04 | N/A | $262,693 | 3.11% |
Listed by: Cody McMillian • Niva Realty
Mls Name: HAR
Mls Provider:
Mls ID: #14832581
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