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Updated over 7 years ago on . Most recent reply
This is good buy and hold investment on Houston Texas? 77041
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@Liz C., 77041 is a pretty good area for rentals. Cy-Fair ISD is generally considered a good school district, but there is some variability from one school to another. I wont attempt to predict market appreciation, but I will say I am buying rentals in similar areas in Houston, but I don't buy turnkey either. Not saying you should or shouldn't, but I like to buy at more of a discount and rehab them, then rent them out. But I will say that there is a very strong rental market in Houston for that price point. If you care to send me the address, I will look at the comps for that area and give you my thoughts. I will say, I see no way that you will make $750 per month with $1290 rent, unless possibly you are paying cash. Make sure you factor in all the costs, including vacancy, property management, CAPEX, etc.