Hi Everyone!
Long time listener...first time caller. First post here!

I

recently purchased my first rental in houston and am looking at another

one as well. I own my mothers house, have a rental down the road and

another 3/2 SFR with a tenant paying 1650 a month is up for sale for

200k asking.

Taxes are about 4400 lets say. Flood Insurance

700ish and Insurance is about 1000, HOA is about 400 a year. Lets say a

purchase at 208k with 20% down.

This would be my third property in a half mile range. I like this area near the woodlands, TX. Close to 45.

What

I am curious about is if this is an attractive spread for cash flow vs

other SFR around this area. Im expecting to receive about 3000k a year

(250 a month) on top of having a maintence fund of about 1500 a year.

Is

this a normal amount to receive, not worth the investment, better

opportunities in similar areas for cheaper or more income amounts?

Thought I would ask and thank you for your help as this is my first

post!