2242 Par LnRichmondTX77469
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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
Investment property for sale in Richmond at 2242 Par Ln, Richmond, TX, 77469 offers a 8.71% rental yield on a $189,900 purchase with $1,378/mo rent. 1% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 70.19% and total cumulative return in cash at $44,189. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,378/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1975
1,616 sqft lot
$N/A/sqft
$300 monthly 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: Eva Hockenberry • Mainstay Brokerage, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #3412663
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