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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 7314 Caddo Lake Ln, Houston, TX, 77083 offers a 12.9% rental yield on a $249,900 purchase with $2,687/mo rent. Total monthly income registers $2,687/mo, and a $1,223/mo payment leaves $875/mo available for distribution. Annual cash flow reaches $10,503/yr on $82,842 to close, and return on cash invested stands at 32.59% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 172.25% and total cumulative return in cash at $142,694. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,687/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
5,050 sqft lot
$N/A/sqft
$418 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 |
|---|---|---|
| 2024-08-31 | Listed for sale | $249,900 |
| 2023-07-27 | Sold | N/A |
| 2023-07-04 | Pending sale | $230,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-04 | N/A | N/A | $183,483 | 35.82% |
| 2022-09-04 | N/A | N/A | $135,094 | 4.78% |
| 2021-09-04 | N/A | N/A | $128,935 | N/A |
Listed by: Lisseth DeLeon • RE/MAX Universal
Mls Name: HAR
Mls Provider:
Mls ID: #72116739
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.
