6014 Barrett Cove Ct,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 6014 Barrett Cove Ct, Richmond, TX, 77407 listed at $474,900 pairs $3,463/mo rent with a $2,324/mo payment to leave $86/mo cash flow. Total monthly income runs $3,463/mo, and annual cash flow reaches $1,036/yr on $157,429 cash to close. Return on cash invested measures 20.57% in year one, and rental yield registers 8.75% at a $474,900 basis. Equity gained on principal adds $3,064/yr, and annual property appreciation at 5% supports $131,206 by year five. Five-year ROI tracks 107.59% and total cumulative return in cash totals $169,379. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,463/mo property income relative to a $2,324/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).