1117 Powell StRichmondTX77469
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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 1117 Powell St, Richmond, TX, 77469 priced at $185,000 converts $1,646/mo rent into $302/mo cash flow after a $905/mo obligation. Total monthly income equals $1,646/mo, and annual cash flow totals $3,629/yr on $61,328 invested. Return on cash invested prints 25.83% in year one, and rental yield reads 10.68% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 136.03% and total cumulative return in cash sums $83,427. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,646/mo property income covering a $905/mo payment, not borrower’s personal income.
Multi Family
Built in 1978
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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Listed by: Zephry Hodges • Better Homes and Gardens Real Estate Gary Greene - The Woodlands
Mls Name: HAR
Mls Provider:
Mls ID: #45683735
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