2203 Fenn Dale CtRichmondTX77469
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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 2203 Fenn Dale Ct, Richmond, TX, 77469 generates $4,085/mo in rent, after a $4,062/mo payment. Total monthly income is $4,085/mo. Return on cash invested sits at 11.59% in year one, and rental yield is 5.91% on a $829,900 entry. Equity gained on principal adds $5,355/yr, while 5% annual appreciation builds toward $229,286 over five years. Five-year ROI reaches 59.61% and total cumulative return in cash sums $162,767. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,085/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
0.26 Acres lot
$N/A/sqft
$1,320 annually 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
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Listed by: Ryan Bernardo • RANCO REALTY
Mls Name: HAR
Mls Provider:
Mls ID: #47297316
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