2430 High Island Way

Houston, TX 77073
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4 bd, 2.5 ba | 1,994 sqft | Built in 2014

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List Price
$228,000

Initial Investment

$59,950

Purchase Price

$220,000

Down Payment

25%

Rent

$1,775

Total Return

$104,614

Annualized Return

21.3%

Cap Rate

4.3%

Gross Yield

9.7%

Cash Flow

-$2,902

Appreciation

9.2%
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Features

Occupancy

Unspecified

Lease Start

11/22/2019

Lease End

05/31/2022

Lot Size

5,061

HOA

$45/mo

Flood Risk

Not Required

  • Filter fee included in monthly rent of $10
  • Pest control fee included in monthly rent of $25
  • Tenant does have the option to purchase per the lease, but the seller has the right to decline this.
  • No Flooding issues during Hurricane Harvey
  • Updated kitchen & bathrooms
  • Recessed lighting & ceiling fans throughout
  • Transferrable Home Warranty

See more in Analysis

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Annual Financial Highlights

Expected Rent

$20,235

Expenses

-$5,877

Property Taxes

-$5,300

Loan Payments

-$11,960

Net Cash Flow

-$2,902

See more in Financials

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