1410 Foster Meadow DrRichmondTX77406
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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
Rental property for sale in Richmond at 1410 Foster Meadow Dr, Richmond, TX, 77406 priced at $910,500 pairs $6,545/mo rent with $71/mo cash flow after a $4,456/mo payment. Total monthly income equals $6,545/mo, and annual cash flow comes to $849/yr on $299,555 invested. Return on cash invested is 20.34% in year one, and rental yield stands at 8.63% on a $910,500 basis. Equity gained on principal adds $5,875/yr, and 5% annual appreciation accumulates to $251,554 by year five. Five-year ROI measures 106.36% and total cumulative return in cash reaches $318,596. For financing, Ziffy Mortgage’s DSCR program evaluates $6,545/mo property income against a $4,456/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1982
2.94 Acres 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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