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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% |
Investment property for sale in Richmond at 506 E Shadow Grove Ln, Richmond, TX, 77406 at $739,800 posts ROI 20.55% with $100/mo cash flow from $5,461/mo rent. Total monthly income equals $5,461/mo, and annual cash flow records $1,201/yr on $243,394 to close. Return on cash invested measures 20.55% and rental yield reads 8.86% at the current $739,800. Equity gained on principal adds $4,774/yr, and 5% annual appreciation supports $204,393 by year five. Five-year ROI prints 107.68% and total cumulative return in cash totals $262,087.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,461/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2001
0.65 Acres lot
$N/A/sqft
$1,200 annually HOA
Neighborhood data shown for ZIP Code: 77406, Richmond, TX area.
| 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 |
Residential
23,639
Single Family
21,386
Multi-Family
2,253
Businesses
1,062
Date | Event | Price |
|---|---|---|
| 2024-10-25 | Listed for sale | $739,800 |
| 2023-07-22 | Listing removed | N/A |
| 2023-05-21 | Listed for sale | $735,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $535,994 | 10.00% |
| 2023-02-13 | $6161.37 | -6.70% | $487,267 | 10.00% |
| 2022-02-13 | $6603.83 | 7.38% | $442,970 | 10.00% |
Listed by: Denise Moore • RE/MAX Fine Properties
Mls Name: HAR
Mls Provider:
Mls ID: #93025884
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