20718 Slate CtRichmondTX77407
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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 20718 Slate Ct, Richmond, TX, 77407 uses $163,098 cash to close to unlock $1,522/yr annual cash flow and $127/mo monthly cash flow. Total monthly income runs $3,685/mo, and a $2,408/mo payment keeps the spread at $127/mo. Purchase price stands at $492,000, and rental yield measures 8.99% with $3,685/mo rent. Return on cash invested shows 20.84% in year one, and 5% annual appreciation builds toward $135,931 over five years. Five-year ROI reaches 109.21% and total cumulative return in cash records $178,120. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,685/mo property income covering a $2,408/mo payment rather than investor’s personal income.
Single Family
Built in 2015
9,247 sqft lot
$N/A/sqft
$715 annually HOA
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Listed by: Yi Shen • Texas Signature Realty
Mls Name: HAR
Mls Provider:
Mls ID: #77210096
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