6523 Canary Knoll CtRichmondTX77469
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Richmond at 6523 Canary Knoll Ct, Richmond, TX, 77469 generates $3,120/mo in rent and, after a $1,926/mo payment, leaves $245/mo in cash flow. Total monthly income is $3,120/mo, and annual cash flow is $2,936/yr on $130,441 invested. Return on cash invested sits at 22.16% in year one, and rental yield is 9.51% on a $393,487 entry. Equity gained on principal adds $2,539/yr, while 5% annual appreciation builds toward $108,713 over five years. Five-year ROI reaches 116.37% and total cumulative return in cash sums $151,799. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,120/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$925 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77469, Richmond, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
25,396
Single Family
22,843
Multi-Family
2,553
Businesses
817
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Listed by: Olga M. Garza • Nan & Company Properties
Mls Name: HAR
Mls Provider:
Mls ID: #28459292
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