21118 Lilac Meadows Ln,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 21118 Lilac Meadows Ln, Richmond, TX, 77407 listed at $384,600 pairs $3,433/mo rent with a $1,882/mo payment to leave $642/mo cash flow. Total monthly income runs $3,433/mo, and annual cash flow reaches $7,710/yr on $127,495 cash to close. Return on cash invested measures 25.96% in year one, and rental yield registers 10.71% at a $384,600 basis. Equity gained on principal adds $2,482/yr, and annual property appreciation at 5% supports $106,258 by year five. Five-year ROI tracks 136.68% and total cumulative return in cash totals $174,257. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,433/mo property income relative to a $1,882/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).