Rentals that Pay: Uncover Hidden Subdivions with Low Taxes and High Returns
- yourrealestateangel
- Aug 31, 2024
- 5 min read
Investing in rental properties in Houston can be a lucrative endeavor, especially when you choose the right neighborhoods. Some subdivisions offer a mix of low tax rates, reasonable HOA fees, and competitive rental and listing prices. Here’s a closer look at several subdivisions that are excellent options for real estate investors.
Barrington Place
Tax Rate: 1.7% - 1.9%*
HOA: $400 - $800**
Rental Price: $1,800 - $2,500**
Listing Price: $250,000 - $450,000**
Features and Amenities
Community Park: The community park features 10 soccer fields, miles of trails, and a 5-acre fishing pond, offering a wide variety of recreational activities for residents.
Clubhouse and Pool: The clubhouse includes access to a pool and can be reserved for special occasions.
Proximity to Shopping: Close to major shopping centers, restaurants, and entertainment options like Urban Air Trampoline and Escape Again Rooms.
School District: A-rated Fort Bend ISD, known for its diversity and comprehensive educational programs.
Barrington Place is located in Sugar Land, offering a blend of suburban charm and urban convenience. The community is ideal for families and professionals, with quick access to Houston’s downtown area.
Grand Vista
Tax Rate: 1.9%*
HOA: $950**
Rental Price: $1,500 - $3,300**
Listing Price: $280,000 - $350,000**
Features and Amenities
Pet-Friendly Environment: Grand Vista offers a welcoming environment for pet owners, with pet-friendly walking paths and parks.
Daily Activities and Entertainment: The community organizes daily activities and entertainment options for residents, including a media and family room.
Spa and Fitness Facilities: Residents have access to a spa room, fitness center, and well-maintained landscaped grounds.
Coordination of Transportation: The community provides coordination of transportation services, making it convenient for residents to commute.
Grand Vista is a family-oriented community with a variety of amenities designed to enhance the quality of life for its residents. The neighborhood’s location near major highways provides easy access to Houston’s business centers.
Bella Vista
Tax Rate: 1.6% - 1.7%*
HOA: $180 - $300**
Rental Price: $2,000 - $3,000**
Listing Price: $600,000 - $1,000,000**
Features and Amenities
Parks and Playgrounds: Bella Vista features well-maintained parks and playgrounds, offering recreational options for families and individuals.
Scenic Walking Trails: The community includes scenic walking trails, perfect for walking, jogging, and biking.
Community Events: Regular community events foster a strong sense of community and provide opportunities for residents to connect.
Top-Rated Schools: The neighborhood is known for its top-rated schools, making it a popular choice for families looking to settle down in a safe environment.
Bella Vista, located in Richmond, Fort Bend County, offers a blend of tranquility and convenience. With easy access to major highways, residents can commute to nearby cities like Houston for work or leisure.
Copperfield Middlegate
Tax Rate: 1.9% - 2.2%*
HOA: $650 - $800**
Rental Price: $2,000 - $2,500**
Listing Price: $250,000 - $380,000**
Features and Amenities
Community Pool: The community pool is open seasonally, providing a refreshing retreat during the hot summer months.
Community Center: The Copperfield Community Center is available for use by all residents and can be reserved for events.
Gazebo Park and Pool Park: These parks include a sand volleyball court and other recreational facilities, promoting an active lifestyle.
Splash Pad: The community offers a splash pad for children, enhancing the family-friendly atmosphere.
Copperfield Middlegate is a vibrant community with a wide range of amenities designed to cater to residents of all ages. The neighborhood’s proximity to shopping centers and schools makes it an attractive option for families and investors.
Copperfield Southdown
Tax Rate: 1.9% - 2.2%*
HOA: $400 - $900**
Rental Price: $2,400 - $3,000**
Listing Price: $320,000 - $460,000**
Features and Amenities
Quality Public Education: The subdivision is situated near several Cy-Fair ISD schools, providing access to quality education.
Restaurants and Entertainment: Copperfield Southdown is located near various dining and entertainment options, offering convenience for residents.
Community Facilities: The neighborhood includes a variety of community facilities that enhance the quality of life for its residents.
Copperfield Southdown is a well-established community with a strong sense of community and a wide range of amenities. The neighborhood’s location near major roads provides easy access to Houston’s business districts.
Covington Woods
Tax Rate: 1.7% - 1.9%*
HOA: $200 - $250**
Rental Price: $1,800 - $2,300**
Listing Price: $250,000 - $300,000**
Features and Amenities
Community Pool: Covington Woods features a well-maintained community pool, providing a great place to relax and unwind.
Parks and Walking Trails: The neighborhood includes several parks and walking trails, offering residents opportunities for outdoor recreation.
Proximity to Shopping and Dining: Located near Costco, Kroger, Target, and other shopping and dining options, Covington Woods offers convenience and accessibility.
Covington Woods is a master-planned community located in the northern part of Sugar Land, TX. The neighborhood’s convenient location and excellent amenities make it a popular choice for families and investors.
Covington West
Tax Rate: 1.7% - 1.9%*
HOA: $50**
Rental Price: $1,600 - $2,300**
Listing Price: $280,000 - $360,000**
Features and Amenities
Covington West Park: This neighborhood park features a half-court basketball court, picnic pavilion with picnic tables, an enclosed playground, park benches, and a drinking fountain.
Recreational Facilities: Residents can enjoy basketball, grilling, picnicking, and other outdoor activities in the park’s pavilion.
Community Atmosphere: Covington West is known for its family-friendly atmosphere and community spirit.
Covington West is a charming neighborhood that offers a variety of recreational amenities and a welcoming community. The low HOA fees and strong rental demand make it an attractive option for real estate investors.
Deerfield Village
Tax Rate: 1.9%*
HOA: $900 - $1,000**
Rental Price: $1,800 - $3,700**
Listing Price: $300,000 - $400,000**
Features and Amenities
Recreational Center: Deerfield Village features a recreational center with a swimming pool, tennis courts, volleyball and basketball courts, and a ball field.
Walking Trail: The neighborhood includes a walking trail, perfect for jogging, walking, or cycling.
Proximity to Parks and Shopping: Residents have quick access to nearby parks, golf courses, and shopping centers.
Deerfield Village is a peaceful community located in Cypress, Texas, offering a variety of amenities and easy access to major roads and freeways. The neighborhood’s diverse housing options and strong community engagement make it a desirable location for renters and investors.
Sugar Creek
Tax Rate: 1.7% - 1.9%*
HOA: $250 - $600**
Rental Price: $1,900 - $5,700**
Listing Price: $400,000 - $900,000**
Features and Amenities
Golf Course and Country Club: Sugar Creek features the Sugar Creek Country Club, offering golf courses, a clubhouse, and tennis courts.
Neighborhood Amenities: The neighborhood primarily offers access to the country club for its residents, with one neighborhood swimming pool.
Architectural Style: Most homes in Sugar Creek are traditional or colonial in style, with a few New Orleans-style homes.
Sugar Creek is one of Fort Bend’s first and finest master-planned communities. The neighborhood is known for its elegant homes and proximity to the Sugar Creek golf course. The community’s exclusive amenities and upscale lifestyle make it a prime location for luxury rental properties.
*based on tax record **based on listings found on the MLS as of August 15, 2024
Investment Insights: Each of these subdivisions offers unique opportunities for real estate investors. With strong rental demand due to their proximity to top-rated schools, employment centers, and numerous amenities, these neighborhoods are poised for both rental income and property value appreciation.
Financial Considerations: Understanding the financial aspects of owning rental property is key to maximizing your return on investment (ROI). Be sure to account for all expenses, including property taxes, HOA fees, and maintenance costs, when calculating your potential ROI.
Community and Lifestyle Benefits: Each subdivision offers a variety of amenities and services that can attract and retain tenants, such as parks, pools, community centers, and shopping areas. The quality of local schools and the safety of the neighborhood are also key factors that make these subdivisions desirable places to live.
Let us help you find the perfect investment property in one of Houston's most promising neighborhoods.
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