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12
Values Hold at $439K; 18 Comps Confirm
Updated 13 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
The property at 6505 Remlap Street shows strong rental potential with estimated monthly income ranging from $1,685 to $5,707. This broad range highlights the opportunity to maximize returns by positioning the home competitively within this neighborhood. With an estimated annual rental yield of approximately 3.65%, this investment offers steady income potential. The market continues to show growth with an expected annual appreciation of $29,146, making it a reliable option for investors.
More about this home
Neighborhood Assessment
Westview Terrace in Houston's 77055 zip stands out with gorgeous new builds popping up everywhere—you know, the kind that scream upscale potential. This 8,276 sqft lot on Remlap St is prime real estate, surrounded by comps hitting $995K-$1M+ for renovated homes. Spring Branch schools are solid (Housman Elementary rates 5/10), and it's minutes from the 610 Loop for easy access. Walkability's decent, though not elite. Rising valuations around $1.2M signal strong neighborhood momentum. Comps show smaller homes at ~$400K-500K, but larger flips command premiums near $1M. Current 1,199 sqft, 1940s build sells for lot value only—perfect teardown play amid hot development trends.
Market Activity
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Rental Income
$44K
Yield
3.7%
Appreciation
$29K
Year 1 Estimates
Fix-and-Flip
Fresh, modern updates create a vibrant living space that stands out in the current market. These renovations enhance daily comfort and appeal, potentially fetching a price per square foot of 350 dollars versus the 345 baseline. While the market indicates a 14 percent shift in price per square foot compared to standard homes, modernizing your property can significantly boost its desirability. This upgrade offers a fantastic opportunity to secure long-term rental interest.
Comps
18
Buy-Rehab-Rent
This property offers a promising post-renovation value between $440,000 and $486,000. With a solid location and efficient 1,199 square-foot layout, the renovation provides a clear path to achieving these competitive market-ready valuation targets. Monthly rental income is projected at $2,308, generating a 6% annual yield. While steady, the investment relies heavily on long-term appreciation and rental consistency, making it a reliable choice for building a stable, income-producing portfolio.
Rental Income
$28K
Yield
6.0%
Appreciation
$11K
Year 1 Estimates, Post Typical Renovation
Estimated value
$1.2M
$826.4K over comp median
Comparative Market Analysis
$296K – $929K
~367 days to sell
Based on 10 comps
6505 Remlap Street, Houston Investment Report: Flip & Rental Analysis · Frontflip