6707 Douglas Spur CtRichmondTX77406
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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 6707 Douglas Spur Ct, Richmond, TX, 77406 offers a 9.47% rental yield on a $378,000 purchase with $2,983/mo rent. Total monthly income registers $2,983/mo, and a $1,850/mo payment leaves $295/mo available for distribution. Annual cash flow reaches $3,541/yr on $125,307 to close, and return on cash invested stands at 22.74% in year one. Equity gained on principal adds $2,439/yr while 5% annual appreciation supports $104,434 over five years. Portfolio math shows five-year ROI at 119.22% and total cumulative return in cash at $149,397. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,983/mo property income against a $1,850/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77406, Richmond, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
23,639
Single Family
21,386
Multi-Family
2,253
Businesses
1,062
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