5822 Water Violet Ln,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 5822 Water Violet Ln, Richmond, TX, 77407 listed at $338,000 pairs $2,461/mo rent with a $1,654/mo payment to leave $58/mo cash flow. Total monthly income runs $2,461/mo, and annual cash flow reaches $693/yr on $112,047 cash to close. Return on cash invested measures 20.53% in year one, and rental yield registers 8.74% at a $338,000 basis. Equity gained on principal adds $2,181/yr, and annual property appreciation at 5% supports $93,383 by year five. Five-year ROI tracks 107.37% and total cumulative return in cash totals $120,302. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,461/mo property income relative to a $1,654/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).