8127 Richland Dr Houston TX 77028

8127 Richland Dr

Houston TX 77028

Home Price

$220,000

$66,000 down payment (30%)

Year 1 Highlights

5.58%Cash on Cash info icon

6.82%Cap Rate info icon

7%YoY Appreciation info icon

$327Cash Flow/mo. info icon

8127 Richland Dr, Houston TX 77028

$220,000

4 bed·2 bath·1,780 sqft·Built 1970

Est. rent $1,960/mo

Year 1 Highlights

5.58%Cash on Cash info icon

6.82%Cap Rate info icon

7%YoY Appreciation info icon

$327Cash Flow/mo. info icon

Why invest?

Investing in 8127 Richland Dr offers a promising opportunity in Houston's dynamic real estate market. This 4-bedroom, 2-bathroom home provides ample space and potential for rental income. Situated in a neighborhood with a median listing price of $212,500, it aligns with the area's market trends.

Property Overview

This 1,780 sq ft residence, built in 1970, features four bedrooms and two bathrooms, offering comfortable living space. Its established structure provides a solid foundation for potential renovations or updates to enhance value.

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 job market is strong, with projected annual job growth of 2.1% through 2030, and a population growth rate of 2.1% per year, contributing to a stable housing market.

Local Amenities

The 77028 neighborhood offers convenient access to schools, shopping centers, and public transportation. Its proximity to major highways facilitates easy commuting, while local parks and recreational areas enhance the community's appeal to potential tenants.

Searching for Tenant

Managed by Doorvest

Estimated Monthly Rent

$1,960/month

Market Range: $1,820 - $2,100

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