20118 Longheath Ct,Richmond,TX,77407

Investment Highlights

Rental property for sale in Richmond at 20118 Longheath Ct, Richmond, TX, 77407 generates $2,620/mo in rent and, after a $1,595/mo payment, leaves $303/mo in cash flow. Total monthly income is $2,620/mo, and annual cash flow is $3,631/yr on $108,036 invested. Return on cash invested sits at 23.27% in year one, and rental yield is 9.65% on a $325,900 entry. Equity gained on principal adds $2,103/yr, while 5% annual appreciation builds toward $90,040 over five years. Five-year ROI reaches 122.1% and total cumulative return in cash sums $131,911. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,620/mo property income rather than buyer’s personal income.