17802 Oakridge Canyon Ln,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 17802 Oakridge Canyon Ln, Richmond, TX, 77407 offers a 10.38% rental yield on a $291,200 purchase with $2,518/mo rent. Total monthly income registers $2,518/mo, and a $1,425/mo payment leaves $448/mo available for distribution. Annual cash flow reaches $5,370/yr on $96,533 to close, and return on cash invested stands at 25.47% in year one. Equity gained on principal adds $1,879/yr while 5% annual appreciation supports $80,453 over five years. Portfolio math shows five-year ROI at 133.89% and total cumulative return in cash at $129,249. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,518/mo property income against a $1,425/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.