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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 7122 La Granada Dr, Houston, TX, 77083 offers a 23.57% rental yield on a $180,000 purchase with $3,536/mo rent. Total monthly income registers $3,536/mo, and a $881/mo payment leaves $2,237/mo available for distribution. Annual cash flow reaches $26,847/yr on $59,670 to close, and return on cash invested stands at 64.9% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 345.53% and total cumulative return in cash at $206,177. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,536/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
7,461 sqft lot
$N/A/sqft
$225 annually HOA
Neighborhood data shown for ZIP Code: 77083, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,942 (100%) |
| Owner Occupied HU | 14,881 (64.9%) |
| Renter Occupied HU | 7,425 (32.4%) |
| Vacant Housing Units | 636 ( 2.8%) |
| Median Home Value | $257,596 |
| Average Home Value | $292,331 |
Residential
22,671
Single Family
18,760
Multi-Family
3,911
Businesses
1,018
Date | Event | Price |
|---|---|---|
| 2024-07-30 | Listed for sale | $180,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $100.58 | 107.00% | $309,783 | 18.80% |
| 2022-08-14 | $48.59 | -4.73% | $260,750 | 35.45% |
| 2021-08-14 | $51.00 | N/A | $192,500 | 3.53% |
Listed by: Kelly Toney • Tranzon Asset Advisors of TX, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #28035224
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.
