18214 Banfield Summit Ct,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 18214 Banfield Summit Ct, Richmond, TX, 77407 uses $124,313 cash to close to unlock $957/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $2,746/mo, and a $1,835/mo payment keeps the spread at $80/mo. Purchase price stands at $375,000, and rental yield measures 8.79% with $2,746/mo rent. Return on cash invested shows 20.68% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 108.18% and total cumulative return in cash records $134,487. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,746/mo property income covering a $1,835/mo payment rather than investor’s personal income.