Blog / Investing
What to evaluate when buying an investment property in Greater Houston
Quick answer. Evaluate the purchase price against realistic rent, then subtract taxes, insurance, HOA dues, maintenance, vacancy and financing. Check flood risk, deed restrictions and the condition of the major systems. Decide your exit before you buy.
By Michael O'Neal, Broker and REALTOR®, Keller Williams Realty Northeast
Published October 11, 2026
What numbers matter most?
Rent supported by actual leased comparables, the full property tax bill, the insurance quote including flood where needed, HOA dues, and a maintenance and vacancy allowance. Then your loan payment.
What is different about Houston?
Property taxes and insurance take a larger share of rent than in many markets. Run them at the investor rate, without a homestead exemption.
What should I inspect?
Foundation, roof, air conditioning, plumbing and electrical. These are the expensive items and they decide whether the numbers hold.
Are there restrictions I should know about?
Some HOAs limit leasing or short-term rentals. Read the deed restrictions before you make an offer.
How can a broker who invests help?
I own rentals and renovate homes here. I will show you my numbers and my assumptions so you can test them. I do not promise returns.
Looking at an investment property? Call me and we will run the numbers.
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