10989 Fm 149RichardsTX77873
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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 Richards at 10989 Fm 149, Richards, TX, 77873 generates $2,279/mo in rent, after a $1,953/mo payment. Total monthly income is $2,279/mo. Return on cash invested sits at 14.84% in year one, and rental yield is 6.85% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 76.89% and total cumulative return in cash sums $101,702. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,279/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
3.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77873, Richards, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 753 (100%) |
| Owner Occupied HU | 520 (69.1%) |
| Renter Occupied HU | 106 (14.1%) |
| Vacant Housing Units | 127 (16.9%) |
| Median Home Value | $373,171 |
| Average Home Value | $513,433 |
Housing Distribution
Address Breakdown
Residential
670
Single Family
670
Multi-Family
0
Businesses
51
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Listed by: Mattison Nichols • East Texas Preferred Propertie
Mls Name: BCSMLS
Mls Provider:
Mls ID: #25006742
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.