15406 Palmway St Houston TX 77071

1 investor added to watchlist

15406 Palmway St

Houston TX 77071

Home Price

$238,000

$71,400 down payment (30%)

Year 1 Highlights

7.81%Cash on Cash info icon

7.53%Cap Rate info icon

4%YoY Appreciation info icon

$495Cash Flow/mo. info icon

15406 Palmway St, Houston TX 77071

$238,000

3 bed·2 bath·1,826 sqft·Built 1968

Est. rent $1,970/mo

1 investor watching

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Year 1 Highlights

7.81%Cash on Cash info icon

7.53%Cap Rate info icon

4%YoY Appreciation info icon

$495Cash Flow/mo. info icon

Why invest?

15406 Palmway St, Houston, TX 77071, presents a prime investment opportunity in a thriving rental market. This 3-bedroom, 2-bathroom home offers 1,826 square feet of living space, appealing to a broad tenant base. Built in 1968, the property combines classic design with potential for modern updates, enhancing its rental appeal.

Property Overview

This single-family residence features three spacious bedrooms and two bathrooms, providing ample living space for families or professionals. The 1,826 square feet layout includes a functional kitchen, comfortable living areas, and a private backyard. Constructed in 1968, the home maintains its original charm while offering opportunities for value-added improvements.

Economic and Employment Insights

Houston's economy is robust, with major employers such as ExxonMobil, The University of Texas MD Anderson Cancer Center, and The Boeing Company. The city's job market is projected to grow by 1.1% in 2026, indicating a stable economic environment. Additionally, the healthcare sector is expanding, contributing to job growth and economic stability.

Local Amenities

The 77071 neighborhood offers a range of amenities, including reputable schools, convenient public transportation, and diverse shopping and dining options. Parks and recreational facilities enhance the area's appeal, providing tenants with a high quality of life. The community's family-friendly atmosphere and proximity to major employers make it an attractive location for potential renters.

Investment Opportunity

Estimated Monthly Rent

$1,970/month

Market Range: $1,720 - $2,220

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