1014 Augusta DrRichmondTX77406
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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 1014 Augusta Dr, Richmond, TX, 77406 offers $2,876/mo rent that, after a $1,590/mo payment, leaves $548/mo cash flow. Total monthly income is $2,876/mo, and annual cash flow is $6,578/yr on $107,667 cash. Return on cash invested measures 26.02% in year one, and rental yield stands at 10.63% at a $324,786 entry. Equity gained on principal adds $2,096/yr while 5% annual appreciation compounds into $89,732 by year five. Five-year ROI records 136.93% and total cumulative return in cash reaches $147,426. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,876/mo property income versus a $1,590/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
7,004 sqft lot
$N/A/sqft
$215 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77406, Richmond, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,399 (100%) |
| Owner Occupied HU | 20,904 (79.2%) |
| Renter Occupied HU | 3,892 (14.7%) |
| Vacant Housing Units | 1,603 ( 6.1%) |
| Median Home Value | $456,400 |
| Average Home Value | $519,922 |
Housing Distribution
Address Breakdown
Residential
23,639
Single Family
21,386
Multi-Family
2,253
Businesses
1,062
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Listed by: Rubaya Aqeel • Keller Williams Realty Southwest
Mls Name: HAR
Mls Provider:
Mls ID: #5633437
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