1818 Eli Fenn DrRichmondTX77469
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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
Investment Highlights
Rental property for sale in Richmond at 1818 Eli Fenn Dr, Richmond, TX, 77469 priced at $578,000 converts $3,764/mo rent into after a $2,829/mo obligation. Total monthly income equals $3,764/mo. Return on cash invested prints 17.16% in year one, and rental yield reads 7.81% against a $578,000 entry. Equity gained on principal adds $3,730/yr, while 5% annual appreciation compiles into $159,691 by year five. Five-year ROI reaches 89.55% and total cumulative return in cash sums $170,297. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,764/mo property income covering a $2,829/mo payment, not borrower’s personal income.
Single Family
Built in 2020
9,761 sqft lot
$N/A/sqft
$1,358 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77469, Richmond, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,583 (100%) |
| Owner Occupied HU | 20,528 (71.8%) |
| Renter Occupied HU | 5,709 (20.0%) |
| Vacant Housing Units | 2,346 ( 8.2%) |
| Median Home Value | $366,886 |
| Average Home Value | $418,861 |
Housing Distribution
Address Breakdown
Residential
25,396
Single Family
22,843
Multi-Family
2,553
Businesses
817
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Listed by: Lee Hines • Lee R. Hines
Mls Name: HAR
Mls Provider:
Mls ID: #80992204
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