1907 Audubon CtRichmondTX77406
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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
Investment property for sale in Richmond at 1907 Audubon Ct, Richmond, TX, 77406 offers a 10.04% rental yield on a $275,000 purchase with $2,300/mo rent. Total monthly income registers $2,300/mo, and a $1,346/mo payment leaves $328/mo available for distribution. Annual cash flow reaches $3,938/yr on $91,163 to close, and return on cash invested stands at 24.23% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 127.34% and total cumulative return in cash at $116,087. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,300/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
7,400 sqft lot
$N/A/sqft
$195 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77406, Richmond, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
23,639
Single Family
21,386
Multi-Family
2,253
Businesses
1,062
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Listed by: Emily Shepard • Keller Williams Realty Southwest
Mls Name: HAR
Mls Provider:
Mls ID: #24243956
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