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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 338 Seaside Sparrow Way, Richmond, TX, 77469 offers $3,091/mo rent that, after a $2,834/mo payment. Total monthly income is $3,091/mo. Return on cash invested measures 12.55% in year one, and rental yield stands at 6.41% at a $579,000 entry. Equity gained on principal adds $3,736/yr while 5% annual appreciation compounds into $159,967 by year five. Five-year ROI records 64.97% and total cumulative return in cash reaches $123,763. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,091/mo property income versus a $2,834/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
7,675 sqft lot
$N/A/sqft
$495 quarterly HOA
Neighborhood data shown for ZIP Code: 77469, Richmond, TX area.
| 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 |
Residential
25,396
Single Family
22,843
Multi-Family
2,553
Businesses
817
Date | Event | Price |
|---|---|---|
| 2024-10-25 | Price change | $579,000 |
| 2024-10-07 | Price change | $599,000 |
| 2024-09-10 | Price change | $610,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $508,757 | 10.00% |
| 2023-12-27 | $3774.47 | -29.83% | $462,506 | 10.00% |
| 2022-12-27 | $5379.21 | 2.57% | $420,460 | 10.00% |
What's Special
Radiant Attic Barrier
Listed by: Krista Mcgowen • Nextgen Real Estate Properties
Mls Name: HAR
Mls Provider:
Mls ID: #94300849
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.
