11514 Harmony Summit TrceRichmondTX77406
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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 11514 Harmony Summit Trce, Richmond, TX, 77406 uses $110,423 cash to close to unlock $5,300/yr annual cash flow and $442/mo monthly cash flow. Total monthly income runs $2,810/mo, and a $1,630/mo payment keeps the spread at $442/mo. Purchase price stands at $333,100, and rental yield measures 10.12% with $2,810/mo rent. Return on cash invested shows 24.71% in year one, and 5% annual appreciation builds toward $92,029 over five years. Five-year ROI reaches 129.79% and total cumulative return in cash records $143,316. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,810/mo property income covering a $1,630/mo payment rather than investor’s personal income.
Single Family
Built in 2019
7,570 sqft lot
$N/A/sqft
No 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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