1219 Mulberry Farm LnRichmondTX77469
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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
Total monthly income runs $7,584/mo, and a $8,810/mo payment. Purchase price stands at $1,800,000, and rental yield measures 5.06% with $7,584/mo rent. Return on cash invested shows 9.44% in year one, and 5% annual appreciation builds toward $497,307 over five years. Five-year ROI reaches 47.92% and total cumulative return in cash records $279,455. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,584/mo property income covering a $8,810/mo payment rather than investor’s personal income.
Single Family
Built in 2014
1.25 Acres lot
$N/A/sqft
$1,140 annually HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 77469, Richmond, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,583 (100%) |
| Owner Occupied HU | 20,528 (71.8%) |
| Renter Occupied HU | 5,709 (20.0%) |
| Vacant Housing Units | 2,346 ( 8.2%) |
| Median Home Value | $366,886 |
| Average Home Value | $418,861 |
Housing Distribution
Address Breakdown
Residential
25,396
Single Family
22,843
Multi-Family
2,553
Businesses
817
Price History
Date | Event | Price |
|---|---|---|
| 2025-01-20 | Listed for sale | $1,800,000 |
| 2024-10-04 | Listing removed | $1,775,000 |
| 2024-10-02 | Listed for sale | $1,775,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2014
- Architectural Style: Mediterranean
- Building Area: 7,499
- Living Area: 7,499 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas
- Cooling: Electric, Zoned, Ceiling Fan(s)
- Flooring: Carpet, Tile
- Interior Features: 2 Staircases, Atrium, Balcony, Crown Molding, High Ceilings, Primary Bed - 1st Floor, Walk-In Closet(s), Countertops(Granite)
- Exterior Features: Balcony, Outdoor Kitchen, Sprinkler System
- Parking Features: Attached
Location
HOA & Fees
- HOA Fee: $1,140 annually
- Association Fee: $1,140 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Carter Elementary School
- Middle School: Reading Junior High School
- High School: George Ranch High School
Listed by: Mathew John • J. Lindsey Properties
Mls Name: HAR
Mls Provider:
Mls ID: #50676337
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