20623 Bandrock Ter,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 20623 Bandrock Ter, Richmond, TX, 77407 listed at $349,900 pairs $2,559/mo rent with a $1,713/mo payment to leave $70/mo cash flow. Total monthly income runs $2,559/mo, and annual cash flow reaches $845/yr on $115,992 cash to close. Return on cash invested measures 20.64% in year one, and rental yield registers 8.78% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 107.98% and total cumulative return in cash totals $125,250. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,559/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).