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
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-06-26 | Listed for sale | $800,000 |
| 2025-06-18 | Listing removed | $850,000 |
| 2025-06-12 | Price change | $850,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $11938.95 | 4.91% | $826,551 | 5.29% |
| 2023-06-26 | $11380.29 | -2.19% | $785,059 | 10.00% |
| 2022-06-26 | $11635.34 | 8.27% | $713,690 | 10.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2015
- Architectural Style: Traditional
- Building Area: 5,586
- Living Area: 5,586 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas
- Cooling: Electric
- Flooring: Carpet, Tile, Vinyl
- Interior Features: 2 Staircases, Balcony, Crown Molding, Formal Entry/Foyer, High Ceilings, Ceiling Fan(s), 1 Bedroom Up, En-Suite Bath, Primary Bed - 1st Floor, Walk-In Closet(s), Granite Counters
- Exterior Features: Back Green Space, Sprinkler System
- Parking Features: Attached, Oversized
Location
HOA & Fees
- HOA Fee: $1,574 annually
- Association Fee: $1,574 annually
- Fees & Dues: N/A
- Association Amenities: Clubhouse, Jogging Path, Pool, Tennis Court(s)
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: Water District
- Road Surface Type: Concrete, Curbs
School Information
- Elementary School: Hubenak Elementary School
- Middle School: Banks Middle School
- High School: Tomas High School (Lamar)
Listed by: Ana Linares • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #79468434
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