11418 Lazarro LnRichmondTX77406
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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
Investment property for sale in Richmond at 11418 Lazarro Ln, Richmond, TX, 77406 offers a 11.4% rental yield on a $800,000 purchase with $7,597/mo rent. Total monthly income registers $7,597/mo, and a $3,916/mo payment leaves $1,776/mo available for distribution. Annual cash flow reaches $21,318/yr on $263,200 to close, and return on cash invested stands at 28.16% in year one. Equity gained on principal adds $5,162/yr while 5% annual appreciation supports $221,025 over five years. Portfolio math shows five-year ROI at 148.49% and total cumulative return in cash at $390,836. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,597/mo property income against a $3,916/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
10,585 sqft lot
$N/A/sqft
$1,574 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
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Listed by: Ana Linares • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #79468434
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