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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 6023 Carolyn Ln, Richmond, TX, 77406 generates $4,027/mo in rent, after a $7,709/mo payment. Total monthly income is $4,027/mo. Return on cash invested sits at 3.45% in year one, and rental yield is 3.07% on a $1,575,000 entry. Equity gained on principal adds $10,163/yr, while 5% annual appreciation builds toward $435,143 over five years. Five-year ROI reaches 15.74% and total cumulative return in cash sums $80,306. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,027/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
7.63 Acres lot
$N/A/sqft
$270 annually HOA
Neighborhood data shown for ZIP Code: 77406, Richmond, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,399 (100%) |
| Owner Occupied HU | 20,904 (79.2%) |
| Renter Occupied HU | 3,892 (14.7%) |
| Vacant Housing Units | 1,603 ( 6.1%) |
| Median Home Value | $456,400 |
| Average Home Value | $519,922 |
Residential
23,639
Single Family
21,386
Multi-Family
2,253
Businesses
1,062
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Price change | $1,575,000 |
| 2025-02-13 | Listed for sale | $1,595,000 |
| 2025-02-07 | Listing removed | $1,650,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-30 | $12321.02 | 0.66% | $991,170 | 6.65% |
| 2023-06-30 | $12239.81 | -6.18% | $929,324 | 10.00% |
| 2022-06-30 | $13045.65 | 8.62% | $844,840 | 10.00% |
Listed by: Jeff Robillard • Newfound Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #59105092
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