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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 9809 Richmond Ave UNIT E15, Houston, TX, 77042 uses $43,095 cash to close to unlock $14,794/yr annual cash flow and $1,233/mo monthly cash flow. Total monthly income runs $2,652/mo, and a $636/mo payment keeps the spread at $1,233/mo. Purchase price stands at $130,000, and rental yield measures 24.48% with $2,652/mo rent. Return on cash invested shows 54.24% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 293.14% and total cumulative return in cash records $126,327. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,652/mo property income covering a $636/mo payment rather than investor’s personal income.
Condo
Built in 1977
3.89 Acres lot
$N/A/sqft
$495 monthly HOA
Neighborhood data shown for ZIP Code: 77042, Houston, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,063 (100%) |
| Owner Occupied HU | 4,722 (19.6%) |
| Renter Occupied HU | 16,302 (67.7%) |
| Vacant Housing Units | 3,039 (12.6%) |
| Median Home Value | $397,155 |
| Average Home Value | $445,691 |
Residential
20,718
Single Family
4,192
Multi-Family
16,526
Businesses
1,720
Date | Event | Price |
|---|---|---|
| 2024-08-16 | Listed for sale | $130,000 |
| 2022-02-01 | Sold | N/A |
| 2022-01-16 | Pending sale | $119,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $1295.56 | 9.05% | $127,925 | 25.41% |
| 2022-08-31 | $1188.04 | N/A | $102,005 | 13.51% |
| 2021-08-31 | N/A | N/A | $89,862 | 8.91% |
Listed by: Gustavo Delgado • PRG Realtors
Mls Name: HAR
Mls Provider:
Mls ID: #87538782
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.
