250 Saddleback Springs 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
Rental property for sale in Richmond at 250 Saddleback Springs Dr, Richmond, TX, 77469 generates $2,298/mo in rent and, after a $1,224/mo payment, leaves $520/mo in cash flow. Total monthly income is $2,298/mo, and annual cash flow is $6,238/yr on $82,872 invested. Return on cash invested sits at 27.44% in year one, and rental yield is 11.03% on a $249,990 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,068 over five years. Five-year ROI reaches 144.42% and total cumulative return in cash sums $119,683. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,298/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
6,899 sqft lot
$N/A/sqft
No 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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