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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 9009 Richmond Ave APT 502, Houston, TX, 77063 generates $792/mo in rent, after a $489/mo payment. Total monthly income is $792/mo. Return on cash invested sits at 7.03% in year one, and rental yield is 9.5% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 40.84% and total cumulative return in cash sums $13,540. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $792/mo property income rather than buyer’s personal income.
Condo
Built in 1977
4.17 Acres lot
$N/A/sqft
$425 monthly HOA
Neighborhood data shown for ZIP Code: 77063, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,779 (100%) |
| Owner Occupied HU | 4,830 (23.2%) |
| Renter Occupied HU | 13,700 (65.9%) |
| Vacant Housing Units | 2,249 (10.8%) |
| Median Home Value | $390,426 |
| Average Home Value | $482,774 |
Residential
19,428
Single Family
3,609
Multi-Family
15,819
Businesses
2,003
Date | Event | Price |
|---|---|---|
| 2025-04-23 | Listed for sale | $100,000 |
| 2021-05-04 | Listing removed | N/A |
| 2021-04-22 | Pending sale | $69,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-23 | $1805.71 | 2.00% | $86,300 | -1.79% |
| 2023-04-23 | $1770.39 | 7.17% | $87,869 | 17.12% |
| 2022-04-23 | $1652.00 | N/A | $75,027 | N/A |
Listed by: Juan Murillo Mendoza • Keller Williams Realty Clear Lake / NASA
Mls Name: HAR
Mls Provider:
Mls ID: #69717666
Disclaimer: Copyright 2025, 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.
