447 Texas Terragon TrceRichmondTX77406
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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 447 Texas Terragon Trce, Richmond, TX, 77406 priced at $699,990 converts $4,307/mo rent into after a $3,426/mo obligation. Total monthly income equals $4,307/mo. Return on cash invested prints 16.04% in year one, and rental yield reads 7.38% against a $699,990 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation compiles into $193,394 by year five. Five-year ROI reaches 83.48% and total cumulative return in cash sums $192,241. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,307/mo property income covering a $3,426/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,864 sqft lot
$N/A/sqft
$1,210 annually HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-14 | Price change | $699,990 |
| 2024-09-24 | Price change | $724,990 |
| 2024-09-05 | Price change | $752,490 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $51,000 | N/A |
| 2023-12-27 | $728.33 | N/A | N/A | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2024
- Architectural Style: Traditional
- Building Area: 3,301
- Living Area: 3,301 sqft
- Property Condition: Under Construction
Features & Amenities
- Heating: Natural Gas
- Cooling: Electric, Ceiling Fan(s)
- Flooring: Carpet, Tile
- Interior Features: High Ceilings, Prewired for Alarm System, 2 Bedrooms Down, En-Suite Bath, Primary Bed - 1st Floor, Walk-In Closet(s)
- Exterior Features: Side Yard, Sprinkler System
- Parking Features: Attached/Detached Garage
Location
HOA & Fees
- HOA Fee: $1,210 annually
- Association Fee: $1,210 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public, Water District
- Road Surface Type: Concrete, Curbs, Gutters
School Information
- Elementary School: Neill Elementary School
- Middle School: Bowie Middle School (Fort Bend)
- High School: Travis High School (Fort Bend)
What's Special
Radiant Attic Barrier
Listed by: Jared Turner • Coventry Homes
Mls Name: HAR
Mls Provider:
Mls ID: #19531557
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