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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 2718 Palmetto Bnd, Richmond, TX, 77406 priced at $950,000 converts $5,568/mo rent into after a $4,650/mo obligation. Total monthly income equals $5,568/mo. Return on cash invested prints 14.86% in year one, and rental yield reads 7.03% against a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation compiles into $262,467 by year five. Five-year ROI reaches 77.18% and total cumulative return in cash sums $241,238. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,568/mo property income covering a $4,650/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.95 Acres lot
$N/A/sqft
$2,000 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 |
|---|---|---|
| 2025-03-28 | Listed for sale | $950,000 |
| 2015-04-09 | Sold | N/A |
| 2015-04-02 | Pending sale | $675,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-28 | $11241.27 | 9.86% | $834,501 | 10.00% |
| 2023-03-28 | $10232.79 | -3.08% | $758,637 | 10.00% |
| 2022-03-28 | $10558.33 | 8.32% | $689,670 | 10.00% |
What's Special
Radiant Attic Barrier
Listed by: Kristin Lytle • Hometown America Incorporated
Mls Name: HAR
Mls Provider:
Mls ID: #4345798
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