5615 Gemstone Park Rd,Richmond,TX,77407

Investment Highlights

Rental property for sale in Richmond at 5615 Gemstone Park Rd, Richmond, TX, 77407 priced at $434,400 pairs $3,359/mo rent with $213/mo cash flow after a $2,126/mo payment. Total monthly income equals $3,359/mo, and annual cash flow comes to $2,557/yr on $144,004 invested. Return on cash invested is 21.68% in year one, and rental yield stands at 9.28% on a $434,400 basis. Equity gained on principal adds $2,803/yr, and 5% annual appreciation accumulates to $120,017 by year five. Five-year ROI measures 113.77% and total cumulative return in cash reaches $163,840. For financing, Ziffy Mortgage’s DSCR program evaluates $3,359/mo property income against a $2,126/mo payment instead of your W2s, 1099s, or Tax returns.