403 Lemon Drop LnRichmondTX77406
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Richmond at 403 Lemon Drop Ln, Richmond, TX, 77406 uses $178,315 cash to close to unlock $57/yr annual cash flow and $5/mo monthly cash flow. Total monthly income runs $3,960/mo, and a $2,653/mo payment keeps the spread at $5/mo. Purchase price stands at $541,990, and rental yield measures 8.77% with $3,960/mo rent. Return on cash invested shows 20.09% in year one, and 5% annual appreciation builds toward $149,742 over five years. Five-year ROI reaches 105.26% and total cumulative return in cash records $187,695. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,960/mo property income covering a $2,653/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$1,210 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77406, Richmond, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
23,639
Single Family
21,386
Multi-Family
2,253
Businesses
1,062
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Listed by: Shazib Iqbal • D.R. Horton - Texas, LTD
Mls Name: HAR
Mls Provider:
Mls ID: #73598859
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