17827 Scenic Oaks Dr,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 17827 Scenic Oaks Dr, Richmond, TX, 77407 uses $107,605 cash to close to unlock $4,614/yr annual cash flow and $384/mo monthly cash flow. Total monthly income runs $2,734/mo, and a $1,589/mo payment keeps the spread at $384/mo. Purchase price stands at $324,600, and rental yield measures 10.11% with $2,734/mo rent. Return on cash invested shows 24.2% in year one, and 5% annual appreciation builds toward $89,681 over five years. Five-year ROI reaches 127.23% and total cumulative return in cash records $136,903. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,734/mo property income covering a $1,589/mo payment rather than investor’s personal income.