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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Richmond at 2011 Spreading Bough Ln, Richmond, TX, 77406 offers a 9.49% rental yield on a $444,440 purchase with $3,515/mo rent. Total monthly income registers $3,515/mo, and a $2,175/mo payment leaves $314/mo available for distribution. Annual cash flow reaches $3,768/yr on $147,332 to close, and return on cash invested stands at 22.47% in year one. Equity gained on principal adds $2,868/yr while 5% annual appreciation supports $122,791 over five years. Portfolio math shows five-year ROI at 117.87% and total cumulative return in cash at $173,664. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,515/mo property income against a $2,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
8,154 sqft lot
$N/A/sqft
$490 annually HOA
Neighborhood data shown for ZIP Code: 77406, Richmond, TX area.
| 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 |
Residential
23,639
Single Family
21,386
Multi-Family
2,253
Businesses
1,062
Date | Event | Price |
|---|---|---|
| 2025-02-13 | Price change | $2,990 |
| 2025-02-13 | Price change | $444,440 |
| 2025-02-11 | Price change | $444,444 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $446,436 | 5.87% |
| 2023-02-13 | $6696.54 | 3.92% | $421,670 | 10.80% |
| 2022-02-13 | $6443.97 | 29.70% | $380,580 | 29.82% |
Listed by: Clark Blair • Real Estate Solution Source
Mls Name: HAR
Mls Provider:
Mls ID: #96909271
Disclaimer: Copyright 2025, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
