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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 9021 Lomax St, Houston, TX, 77093 offers a 17.95% rental yield on a $185,000 purchase with $2,767/mo rent. Total monthly income registers $2,767/mo, and a $905/mo payment leaves $1,370/mo available for distribution. Annual cash flow reaches $16,439/yr on $61,328 to close, and return on cash invested stands at 46.71% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 248.37% and total cumulative return in cash at $152,319. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,767/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77093, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,431 (100%) |
| Owner Occupied HU | 7,623 (52.8%) |
| Renter Occupied HU | 5,858 (40.6%) |
| Vacant Housing Units | 950 ( 6.6%) |
| Median Home Value | $154,294 |
| Average Home Value | $213,061 |
Residential
13,925
Single Family
12,571
Multi-Family
1,354
Businesses
1,296
Date | Event | Price |
|---|---|---|
| 2024-12-12 | Listed for sale | $185,000 |
| 2024-10-28 | Listing removed | $205,000 |
| 2024-10-27 | Price change | $205,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $241,820 | 20.14% |
| 2023-12-27 | $4055.37 | 9.29% | $201,278 | 19.44% |
| 2022-12-27 | $3710.74 | N/A | $168,525 | 4.92% |
Listed by: Candice DeLeon • Keller Williams Realty Metropolitan
Mls Name: HAR
Mls Provider:
Mls ID: #26130494
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.
