6603 Harpers DrRichmondTX77469
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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
Investment property for sale in Richmond at 6603 Harpers Dr, Richmond, TX, 77469 uses $89,505 cash to close to unlock $6,650/yr annual cash flow and $554/mo monthly cash flow. Total monthly income runs $2,488/mo, and a $1,322/mo payment keeps the spread at $554/mo. Purchase price stands at $270,000, and rental yield measures 11.06% with $2,488/mo rent. Return on cash invested shows 27.34% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 143.99% and total cumulative return in cash records $128,881. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,488/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1987
7,187 sqft lot
$N/A/sqft
$160 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: Monica Foster • eXp Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #97086708
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