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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 8603 La Fonte St, Houston, TX, 77024 offers $4,090/mo rent that, after a $2,425/mo payment, leaves $465/mo cash flow. Total monthly income is $4,090/mo, and annual cash flow is $5,582/yr on $164,258 cash. Return on cash invested measures 23.31% in year one, and rental yield stands at 9.91% at a $495,500 entry. Equity gained on principal adds $3,197/yr while 5% annual appreciation compounds into $136,898 by year five. Five-year ROI records 122.56% and total cumulative return in cash reaches $201,311. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,090/mo property income versus a $2,425/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1968
2,343 sqft lot
$N/A/sqft
$1,218 annually HOA
Neighborhood data shown for ZIP Code: 77024, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,636 (100%) |
| Owner Occupied HU | 10,193 (54.7%) |
| Renter Occupied HU | 6,387 (34.3%) |
| Vacant Housing Units | 2,056 (11.0%) |
| Median Home Value | $1,152,422 |
| Average Home Value | $1,270,262 |
Residential
18,464
Single Family
8,893
Multi-Family
9,571
Businesses
2,413
Date | Event | Price |
|---|---|---|
| 2024-08-10 | Listed for rent | $2,750 |
| 2024-07-22 | Listed for sale | $495,500 |
| 2023-02-20 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $3568.74 | -1.39% | $338,500 | N/A |
| 2022-08-15 | $3618.98 | N/A | $338,500 | N/A |
| 2021-08-15 | N/A | N/A | $338,500 | N/A |
Listed by: Kathryn Moose • Cynthia Fleck Properties
Mls Name: HAR
Mls Provider:
Mls ID: #15745021
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.
