4923 Lake Daniel Ct,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 4923 Lake Daniel Ct, Richmond, TX, 77407 offers a 8.97% rental yield on a $399,000 purchase with $2,983/mo rent. Total monthly income registers $2,983/mo, and a $1,953/mo payment leaves $146/mo available for distribution. Annual cash flow reaches $1,747/yr on $132,269 to close, and return on cash invested stands at 21.23% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 111.13% and total cumulative return in cash at $146,990. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,983/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.