16931 Cory Cornell Ln,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 16931 Cory Cornell Ln, Richmond, TX, 77407 listed at $350,000 pairs $3,014/mo rent with a $1,713/mo payment to leave $525/mo cash flow. Total monthly income runs $3,014/mo, and annual cash flow reaches $6,302/yr on $116,025 cash to close. Return on cash invested measures 25.34% in year one, and rental yield registers 10.33% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 133.21% and total cumulative return in cash totals $154,562. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,014/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).