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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% |
Rental property for sale in Richmond at 5802 Meadow Ln, Richmond, TX, 77469 priced at $695,000 converts $3,120/mo rent into after a $3,402/mo obligation. Total monthly income equals $3,120/mo. Return on cash invested prints 10.5% in year one, and rental yield reads 5.39% against a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation compiles into $192,016 by year five. Five-year ROI reaches 53.55% and total cumulative return in cash sums $122,442. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,120/mo property income covering a $3,402/mo payment, not borrower’s personal income.
Single Family
Built in 2024
1 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-04-22 | Listed for sale | $695,000 |
| 2025-04-08 | Listing removed | $695,000 |
| 2025-03-11 | Price change | $695,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Liset Estrada • Texas Realty
Mls Name: HAR
Mls Provider:
Mls ID: #76384219
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