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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 7318 Odinglen Dr, Houston, TX, 77095 offers $3,211/mo rent that, after a $1,223/mo payment, leaves $1,392/mo cash flow. Total monthly income is $3,211/mo, and annual cash flow is $16,709/yr on $82,842 cash. Return on cash invested measures 40.08% in year one, and rental yield stands at 15.42% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 212.46% and total cumulative return in cash reaches $176,006. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,211/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
0.28 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood data shown for ZIP Code: 77095, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,210 (100%) |
| Owner Occupied HU | 17,523 (66.9%) |
| Renter Occupied HU | 7,586 (28.9%) |
| Vacant Housing Units | 1,101 ( 4.2%) |
| Median Home Value | $314,917 |
| Average Home Value | $335,145 |
Residential
25,693
Single Family
20,074
Multi-Family
5,619
Businesses
1,242
Date | Event | Price |
|---|---|---|
| 2024-07-23 | Price change | $249,900 |
| 2024-07-05 | Price change | $254,900 |
| 2024-06-14 | Listed for sale | $259,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | N/A | N/A | $224,056 | 9.41% |
| 2022-08-14 | $1035.64 | N/A | $204,782 | 19.88% |
| 2021-08-14 | N/A | N/A | $170,821 | 15.88% |
Listed by: Carrie Nelson • Better Homes and Gardens Real Estate Gary Greene - Bay Area
Mls Name: HAR
Mls Provider:
Mls ID: #29393362
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.
