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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 3915 Red Alder Way, Richmond, TX, 77469 generates $3,023/mo in rent, after a $2,570/mo payment. Total monthly income is $3,023/mo. Return on cash invested sits at 15.12% in year one, and rental yield is 6.91% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 78.38% and total cumulative return in cash sums $135,381. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,023/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
8,803 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Stella Lee - Cordova • NB Elite Realty
Mls Name: HAR
Mls ID: #36661370
