2115 Bitter Melon DrRichmondTX77406
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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
Rental property for sale in Richmond at 2115 Bitter Melon Dr, Richmond, TX, 77406 generates $3,960/mo in rent, after a $2,907/mo payment. Total monthly income is $3,960/mo. Return on cash invested sits at 18.44% in year one, and rental yield is 8% on a $593,900 entry. Equity gained on principal adds $3,832/yr, while 5% annual appreciation builds toward $164,084 over five years. Five-year ROI reaches 96.17% and total cumulative return in cash sums $187,913. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,960/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
5,776 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77406, Richmond, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,399 (100%) |
| Owner Occupied HU | 20,904 (79.2%) |
| Renter Occupied HU | 3,892 (14.7%) |
| Vacant Housing Units | 1,603 ( 6.1%) |
| Median Home Value | $456,400 |
| Average Home Value | $519,922 |
Housing Distribution
Address Breakdown
Residential
23,639
Single Family
21,386
Multi-Family
2,253
Businesses
1,062
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