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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 8819 Diamond Lake Ln, Houston, TX, 77083 priced at $340,000 converts $4,073/mo rent into $1,610/mo cash flow after a $1,664/mo obligation. Total monthly income equals $4,073/mo, and annual cash flow totals $19,320/yr on $112,710 invested. Return on cash invested prints 37.05% in year one, and rental yield reads 14.38% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 196.19% and total cumulative return in cash sums $221,130. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,073/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1994
8,816 sqft lot
$N/A/sqft
$544 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 |
|---|---|---|
| 2024-09-03 | Listed for sale | $340,000 |
| 2024-06-03 | Listing removed | N/A |
| 2023-12-12 | Listed for rent | $2,300 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-04 | $4889.69 | 13.81% | $327,554 | 25.57% |
| 2022-09-04 | $4296.27 | 9.23% | $260,860 | 14.54% |
| 2021-09-04 | $3933.12 | 3.04% | $227,750 | 4.72% |
Listed by: Phuc Nguyen • ABSOLUTE Realty Group Inc.
Mls Name: HAR
Mls Provider:
Mls ID: #80946244
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.
