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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 Sugar Land at 3115 Richland Spring Ln, Sugar Land, TX, 77479 offers $2,683/mo rent that, after a $1,640/mo payment, leaves $234/mo cash flow. Total monthly income is $2,683/mo, and annual cash flow is $2,805/yr on $111,053 cash. Return on cash invested measures 22.43% in year one, and rental yield stands at 9.61% at a $335,000 entry. Equity gained on principal adds $2,162/yr while 5% annual appreciation compounds into $92,554 by year five. Five-year ROI records 117.87% and total cumulative return in cash reaches $130,892. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,683/mo property income versus a $1,640/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
10,693 sqft lot
$N/A/sqft
$800 annually HOA
Neighborhood data shown for ZIP Code: 77479, Sugar Land, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,079 (100%) |
| Owner Occupied HU | 25,537 (79.6%) |
| Renter Occupied HU | 5,322 (16.6%) |
| Vacant Housing Units | 1,220 ( 3.8%) |
| Median Home Value | $496,309 |
| Average Home Value | $552,380 |
Residential
31,678
Single Family
28,532
Multi-Family
3,146
Businesses
1,373
Date | Event | Price |
|---|---|---|
| 2024-12-15 | Price change | $335,000 |
| 2024-12-11 | Price change | $340,000 |
| 2024-12-07 | Price change | $344,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $318,387 | 10.00% |
| 2023-12-27 | $4054.46 | -10.19% | $289,443 | 10.00% |
| 2022-12-27 | $4514.29 | 6.06% | $263,130 | 10.00% |
Listed by: Ashlie Sustaita • Full Circle Texas
Mls Name: HAR
Mls Provider:
Mls ID: #71062025
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.
