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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% |
Investment property for sale in Richmond at 6630 Elks Trce, Richmond, TX, 77406 at $349,900 posts ROI 34.56% with $1,416/mo cash flow from $3,960/mo rent. Total monthly income equals $3,960/mo, and annual cash flow records $16,997/yr on $115,992 to close. Return on cash invested measures 34.56% and rental yield reads 13.58% at the current $349,900. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 by year five. Five-year ROI prints 182.86% and total cumulative return in cash totals $212,106.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,960/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2021
5,828 sqft lot
$N/A/sqft
$660 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 |
|---|---|---|
| 2025-05-04 | Listed for sale | $349,900 |
| 2024-11-23 | Listing removed | $350,000 |
| 2024-10-24 | Price change | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-04 | $3915.81 | 12.19% | $319,779 | 10.00% |
| 2023-05-04 | $3490.48 | -28.83% | $290,708 | -7.72% |
| 2022-05-04 | $4904.43 | N/A | $315,040 | 837.62% |
Listed by: Anastasia Pena • Compass RE Texas, LLC - The Heights
Mls Name: HAR
Mls Provider:
Mls ID: #88727040
Disclaimer: Copyright 2025, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
