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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 5407 Violet Ridge Dr, Richmond, TX, 77469 listed at $559,900 pairs $3,938/mo rent with a $2,740/mo payment. Total monthly income runs $3,938/mo. Return on cash invested measures 19.37% in year one, and rental yield registers 8.44% at a $559,900 basis. Equity gained on principal adds $3,613/yr, and annual property appreciation at 5% supports $154,690 by year five. Five-year ROI tracks 101.3% and total cumulative return in cash totals $186,610. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,938/mo property income relative to a $2,740/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
6,500 sqft lot
$N/A/sqft
$750 annually HOA
Neighborhood data shown for ZIP Code: 77469, Richmond, TX area.
| 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 |
Residential
25,396
Single Family
22,843
Multi-Family
2,553
Businesses
817
Date | Event | Price |
|---|---|---|
| 2024-12-12 | Price change | $559,900 |
| 2024-11-26 | Price change | $569,900 |
| 2024-11-12 | Price change | $579,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lee Jones • Perry Homes Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #36245980
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