17515 Heath Grove Ln, Richmond, TX, 77407 | $423/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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17515 Heath Grove Ln, Richmond, TX, 77407 | $423/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Richmond at 17515 Heath Grove Ln, Richmond, TX, 77407 earns $423/mo cash flow from $2,556/mo rent with a $1,468/mo payment. Total monthly income totals $2,556/mo, and annual cash flow totals $5,076/yr on $99,450 capital. ROI tracks 25.01% on current figures, and rental yield reads 10.22% at a $300,000 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 131.4% and total cumulative return in cash sums $130,680. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,556/mo property income instead of your personal income.

Single Family

Built in 2001

7,387 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 17515 Heath Grove Lane! This 2-stories home is located close to westpark tollway and 99, offers 2,036 sqft of living space, boasts 3 bedrooms, 2.5 bathrooms, and a 2-car garage. Inside, the home features a living and dining areas conveniently next to each other and below a high ceiling. This home has no carpet, instead it has tile and laminate floors throughout. The kitchen and baths have granite countertops, and appliances are included with the sale. Additional upgrades to the home include: replaced A/C, new water heater, new paint outside and inside, New Roof - end of summer 2025, and a sprinkler system. The back yard is very grand, it does not lack green space, and under the pergola, an expansive brick-paved patio stretches across the width of the home - perfect for hosting gatherings, or creating a dining/lounge setup. There are many amenities in the area like restaurants, community pool, walking trails, and the Ricebird Stadium if you want to see some football action!