438 Mistflower DrRichmondTX77469
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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
Rental property for sale in Richmond at 438 Mistflower Dr, Richmond, TX, 77469 priced at $306,800 converts $2,438/mo rent into $159/mo cash flow after a $1,502/mo obligation. Total monthly income equals $2,438/mo, and annual cash flow totals $1,907/yr on $101,704 invested. Return on cash invested prints 21.78% in year one, and rental yield reads 9.54% against a $306,800 entry. Equity gained on principal adds $1,980/yr, while 5% annual appreciation compiles into $84,763 by year five. Five-year ROI reaches 114.52% and total cumulative return in cash sums $116,471. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,438/mo property income covering a $1,502/mo payment, not borrower’s personal income.
Single Family
Built in 2016
5,924 sqft lot
$N/A/sqft
$97 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77469, Richmond, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
25,396
Single Family
22,843
Multi-Family
2,553
Businesses
817
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