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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Richmond at 1815 Hanover Springs Ln, Richmond, TX, 77406 listed at $370,800 pairs $2,644/mo rent with a $1,815/mo payment. Total monthly income runs $2,644/mo. Return on cash invested measures 19.49% in year one, and rental yield registers 8.56% at a $370,800 basis. Equity gained on principal adds $2,393/yr, and annual property appreciation at 5% supports $102,445 by year five. Five-year ROI tracks 102.01% and total cumulative return in cash totals $125,392. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,644/mo property income relative to a $1,815/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
8,511 sqft lot
$N/A/sqft
$50 monthly HOA
Neighborhood data shown for ZIP Code: 77406, Richmond, TX area.
| 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 |
Residential
23,639
Single Family
21,386
Multi-Family
2,253
Businesses
1,062
Date | Event | Price |
|---|---|---|
| 2025-08-07 | Pending sale | $375,000 |
| 2025-06-19 | Listed for sale | $375,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-11-02 | N/A | N/A | $345,754 | 10.00% |
| 2024-11-02 | $685.12 | 11.51% | $314,322 | -9.17% |
| 2023-11-02 | $614.42 | -71.77% | $346,044 | 33.21% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
