215 Wheaton StRichmondTX77469
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 215 Wheaton St, Richmond, TX, 77469 uses $66,300 cash to close to unlock $1,410/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $1,550/mo, and a $979/mo payment keeps the spread at $118/mo. Purchase price stands at $199,999, and rental yield measures 9.3% with $1,550/mo rent. Return on cash invested shows 22.04% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 115.56% and total cumulative return in cash records $76,616. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,550/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1930
7,814 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77469, Richmond, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,583 (100%) |
| Owner Occupied HU | 20,528 (71.8%) |
| Renter Occupied HU | 5,709 (20.0%) |
| Vacant Housing Units | 2,346 ( 8.2%) |
| Median Home Value | $366,886 |
| Average Home Value | $418,861 |
Housing Distribution
Address Breakdown
Residential
25,396
Single Family
22,843
Multi-Family
2,553
Businesses
817
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Harman • Coldwell Banker Realty - Bellaire-Metropolitan
Mls Name: HAR
Mls Provider:
Mls ID: #54535232
Disclaimer: Copyright 2025, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.