2211 Leisure LnRichmondTX77406
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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 2211 Leisure Ln, Richmond, TX, 77406 generates $3,104/mo in rent and, after a $1,878/mo payment, leaves $355/mo in cash flow. Total monthly income is $3,104/mo, and annual cash flow is $4,256/yr on $127,197 invested. Return on cash invested sits at 23.25% in year one, and rental yield is 9.71% on a $383,700 entry. Equity gained on principal adds $2,476/yr, while 5% annual appreciation builds toward $106,009 over five years. Five-year ROI reaches 122.07% and total cumulative return in cash sums $155,266. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,104/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
10,149 sqft lot
$N/A/sqft
$250 annually 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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Listed by: Hazelyn Ramos • Crimson Realty
Mls Name: HAR
Mls Provider:
Mls ID: #69738077
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