22322 Tea Rose Ct,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 22322 Tea Rose Ct, Richmond, TX, 77407 listed at $282,200 pairs $2,659/mo rent with a $1,381/mo payment to leave $579/mo cash flow. Total monthly income runs $2,659/mo, and annual cash flow reaches $6,953/yr on $93,549 cash to close. Return on cash invested measures 27.34% in year one, and rental yield registers 11.31% at a $282,200 basis. Equity gained on principal adds $1,821/yr, and annual property appreciation at 5% supports $77,967 by year five. Five-year ROI tracks 144.26% and total cumulative return in cash totals $134,955. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,659/mo property income relative to a $1,381/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).