23715 Rimini CtRichmondTX77406
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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 23715 Rimini Ct, Richmond, TX, 77406 earns $400/mo cash flow from $6,205/mo rent with a $3,911/mo payment. Total monthly income totals $6,205/mo, and annual cash flow totals $4,803/yr on $262,871 capital. ROI tracks 21.89% on current figures, and rental yield reads 9.32% at a $799,000 purchase. Equity gained on principal adds $5,156/yr, and 5% annual appreciation supports $220,749 over five years. Five-year ROI reaches 114.85% and total cumulative return in cash sums $301,902. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,205/mo property income instead of your personal income.
Single Family
Built in 2008
0.27 Acres lot
$N/A/sqft
$1,472 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: Phong Nguyen • Keller Williams Signature
Mls Name: HAR
Mls Provider:
Mls ID: #51733606
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