19606 Norfolk Ridge Way,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 19606 Norfolk Ridge Way, Richmond, TX, 77407 listed at $447,400 pairs $3,563/mo rent with a $2,190/mo payment to leave $330/mo cash flow. Total monthly income runs $3,563/mo, and annual cash flow reaches $3,963/yr on $148,313 cash to close. Return on cash invested measures 22.58% in year one, and rental yield registers 9.56% at a $447,400 basis. Equity gained on principal adds $2,887/yr, and annual property appreciation at 5% supports $123,608 by year five. Five-year ROI tracks 118.55% and total cumulative return in cash totals $175,829. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,563/mo property income relative to a $2,190/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).