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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Richmond at 1118 Mercantile St, Richmond, TX, 77406 with 5% annual appreciation on a $550,000 basis while $3,960/mo rent supports operations. 44% in year one. Equity gained on principal adds $3,549/yr, and five-year appreciation sums $151,955 alongside rental yield of 8.64%. Five-year ROI measures 101.9% and total cumulative return in cash totals $184,390. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,960/mo property income versus a $2,692/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
5,501 sqft lot
$N/A/sqft
$1,700 annually HOA
Neighborhood data shown for ZIP Code: 77406, Richmond, TX area.
| 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 |
Residential
23,639
Single Family
21,386
Multi-Family
2,253
Businesses
1,062
Date | Event | Price |
|---|---|---|
| 2025-09-09 | Price change | $550,000 |
| 2025-01-13 | Pending sale | $549,025 |
| 2025-01-07 | Price change | $549,025 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-29 | $549.47 | N/A | $39,000 | N/A |
Listed by: Dina Verteramo • Dina Verteramo
Mls Name: HAR
Mls Provider:
Mls ID: #55622330
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