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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Richmond at 2215 Enchanted Path Ct, Richmond, TX, 77406 listed at $459,000 pairs $3,870/mo rent with a $2,247/mo payment to leave $586/mo cash flow. Total monthly income runs $3,870/mo, and annual cash flow reaches $7,037/yr on $152,159 cash to close. Return on cash invested measures 24.53% in year one, and rental yield registers 10.12% at a $459,000 basis. Equity gained on principal adds $2,962/yr, and annual property appreciation at 5% supports $126,813 by year five. Five-year ROI tracks 128.92% and total cumulative return in cash totals $196,163. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,870/mo property income relative to a $2,247/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1985
0.26 Acres lot
$N/A/sqft
$230 annually HOA
Neighborhood data shown for ZIP Code: 77406, Richmond, TX area.
| 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 |
Residential
23,639
Single Family
21,386
Multi-Family
2,253
Businesses
1,062
Date | Event | Price |
|---|---|---|
| 2024-11-11 | Listed for sale | $459,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $414,643 | 10.00% |
| 2023-12-27 | $2257.36 | -43.55% | $376,948 | 10.00% |
| 2022-12-27 | $3999.05 | 2.83% | $342,680 | 10.00% |
Listed by: Heather Rhodes • Blue Bayou Properties, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #68638534
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