1002 Royal Lakes Manor BlvdRichmondTX77469
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Richmond at 1002 Royal Lakes Manor Blvd, Richmond, TX, 77469 generates $5,270/mo in rent, after a $5,971/mo payment. Total monthly income is $5,270/mo. Return on cash invested sits at 10.03% in year one, and rental yield is 5.18% on a $1,220,000 entry. Equity gained on principal adds $7,872/yr, while 5% annual appreciation builds toward $337,064 over five years. Five-year ROI reaches 51.01% and total cumulative return in cash sums $201,639. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,270/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77469, Richmond, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,583 (100%) |
| Owner Occupied HU | 20,528 (71.8%) |
| Renter Occupied HU | 5,709 (20.0%) |
| Vacant Housing Units | 2,346 ( 8.2%) |
| Median Home Value | $366,886 |
| Average Home Value | $418,861 |
Housing Distribution
Address Breakdown
Residential
25,396
Single Family
22,843
Multi-Family
2,553
Businesses
817
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