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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% |
Rental property for sale in Richmond at 1123 Hearth Ave, Richmond, TX, 77406 offers $3,960/mo rent that, after a $3,114/mo payment. Total monthly income is $3,960/mo. Return on cash invested measures 16.01% in year one, and rental yield stands at 7.47% at a $636,255 entry. Equity gained on principal adds $4,106/yr while 5% annual appreciation compounds into $175,786 by year five. Five-year ROI records 83.42% and total cumulative return in cash reaches $174,630. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,960/mo property income versus a $3,114/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,500 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 |
|---|---|---|
| 2025-02-04 | Price change | $636,255 |
| 2025-01-17 | Listed for sale | $627,190 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Ben Caballero • Highland Homes Realty
Mls Name: HAR
Mls Provider:
Mls ID: #61290627
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