2005 Lamar 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
Investment property for sale in Richmond at 2005 Lamar Dr, Richmond, TX, 77469 offers a 9.8% rental yield on a $260,000 purchase with $2,123/mo rent. Total monthly income registers $2,123/mo, and a $1,273/mo payment leaves $274/mo available for distribution. Annual cash flow reaches $3,284/yr on $86,190 to close, and return on cash invested stands at 23.72% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 124.49% and total cumulative return in cash at $107,297. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,123/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.25 Acres lot
$N/A/sqft
No 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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