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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Richmond at 2702 Bright Butternut Ct, Richmond, TX, 77406 priced at $749,900 pairs $5,112/mo rent with after a $3,670/mo payment. Total monthly income equals $5,112/mo. Return on cash invested is 18.38% in year one, and rental yield stands at 8.18% on a $749,900 basis. Equity gained on principal adds $4,839/yr, and 5% annual appreciation accumulates to $207,184 by year five. Five-year ROI measures 96.05% and total cumulative return in cash reaches $236,974. For financing, Ziffy Mortgage’s DSCR program evaluates $5,112/mo property income against a $3,670/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
0.27 Acres lot
$N/A/sqft
$1,500 annually HOA
Neighborhood data shown for ZIP Code: 77406, Richmond, TX area.
| 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 |
Residential
23,639
Single Family
21,386
Multi-Family
2,253
Businesses
1,062
Date | Event | Price |
|---|---|---|
| 2024-07-16 | Listed for rent | $5,000 |
| 2024-05-20 | Price change | $749,900 |
| 2024-04-18 | Listed for sale | $760,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $730,982 | -3.52% |
| 2023-12-27 | $10819.65 | -1.68% | $757,625 | 9.18% |
| 2022-12-27 | $11004.35 | 35.83% | $693,930 | 42.44% |
Listed by: Jimmy Franklin • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #42265574
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
