1115 Mercantile StRichmondTX77406
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Richmond at 1115 Mercantile St, Richmond, TX, 77406 uses $123,318 cash to close to unlock $1,833/yr annual cash flow and $153/mo monthly cash flow. Total monthly income runs $2,940/mo, and a $1,821/mo payment keeps the spread at $153/mo. Purchase price stands at $372,000, and rental yield measures 9.48% with $2,940/mo rent. Return on cash invested shows 21.4% in year one, and 5% annual appreciation builds toward $102,777 over five years. Five-year ROI reaches 112.53% and total cumulative return in cash records $138,765. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,940/mo property income covering a $1,821/mo payment rather than investor’s personal income.
Multi Family
Built in 2025
3,375 sqft lot
$N/A/sqft
$1,700 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Judith Hayes • EHT of Texas, LP
Mls Name: HAR
Mls Provider:
Mls ID: #72688838
Disclaimer: Copyright 2025, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers 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.