23314 McCloy Canyon DrRichmondTX77469
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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 23314 McCloy Canyon Dr, Richmond, TX, 77469 uses $183,582 cash to close to unlock $2,185/yr annual cash flow and $182/mo monthly cash flow. Total monthly income runs $4,260/mo, and a $2,731/mo payment keeps the spread at $182/mo. Purchase price stands at $558,000, and rental yield measures 9.16% with $4,260/mo rent. Return on cash invested shows 21.25% in year one, and 5% annual appreciation builds toward $154,165 over five years. Five-year ROI reaches 111.5% and total cumulative return in cash records $204,685. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,260/mo property income covering a $2,731/mo payment rather than investor’s personal income.
Single Family
Built in 2019
7,866 sqft 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: Ashley Chambers • NB Elite Realty
Mls Name: HAR
Mls Provider:
Mls ID: #96127593
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