21131 Lilac Meadows Ln,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 21131 Lilac Meadows Ln, Richmond, TX, 77407 offers a 11.52% rental yield on a $329,900 purchase with $3,168/mo rent. Total monthly income registers $3,168/mo, and a $1,615/mo payment leaves $822/mo available for distribution. Annual cash flow reaches $9,861/yr on $109,362 to close, and return on cash invested stands at 28.93% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 152.4% and total cumulative return in cash at $166,671. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,168/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.