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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 3002 Forest Vw, Richmond, TX, 77406 offers $8,908/mo rent that, after a $8,928/mo payment. Total monthly income is $8,908/mo. Return on cash invested measures 11.92% in year one, and rental yield stands at 5.86% at a $1,824,100 entry. Equity gained on principal adds $11,771/yr while 5% annual appreciation compounds into $503,965 by year five. Five-year ROI records 61.19% and total cumulative return in cash reaches $361,650. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $8,908/mo property income versus a $8,928/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
1.56 Acres lot
$N/A/sqft
$100 monthly 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 |
|---|---|---|
| 2025-05-16 | Pending sale | $1,875,000 |
| 2025-05-05 | Listed for sale | $1,875,000 |
| 2020-04-01 | Listing removed | $1,275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-14 | $16670.24 | 9.52% | $1,200,211 | 10.00% |
| 2023-10-14 | $15220.81 | -1.18% | $1,091,101 | 10.00% |
| 2022-10-14 | $15403.12 | 8.81% | $991,910 | 10.00% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
