11210 Cheeves Dr Houston TX 77016

11210 Cheeves Dr

Houston TX 77016

Year 1 Investor Highlights

Cash on Cash

2.53%

Cap Rate

5.84%

YoY Appreciation

Cash Flow/mo.

$131

11210 Cheeves Dr, Houston TX 77016

$194,581

3 Bedrooms

1.5 Bathrooms

1,180 Sqft

Built in 1964

Why invest?

This well-maintained 3-bedroom, 1.5-bathroom home in Houston's 77016 zip code offers a solid investment opportunity. The property's 1,180 square feet of living space is complemented by a spacious backyard, ideal for tenants seeking comfort and convenience. Built in 1964, the home has been updated to meet modern standards while retaining its classic charm.

Property Overview

This 3-bedroom, 1.5-bathroom home spans 1,180 square feet, featuring a spacious backyard and updated interiors. Built in 1964, it combines classic charm with modern amenities, making it an attractive option for renters.

Economic and Employment Insights

Houston's economy is projected to add approximately 30,900 jobs in 2026, with the healthcare sector leading the growth. Major employers include ExxonMobil, The University of Texas MD Anderson Cancer Center, and The Boeing Company. This economic expansion supports a robust housing market and a steady demand for rental properties.

Local Amenities

The 77016 area offers a variety of amenities, including schools, shopping centers, and parks. Public transportation options are accessible, enhancing the neighborhood's appeal to potential tenants. The community's family-friendly environment and proximity to major employers make it a desirable location for renters.

Investment Opportunity

Estimated Monthly Rent

$1,540/month

Market Range: $1,430 - $1,660

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