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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 6911 Kari Ln, Richmond, TX, 77469 priced at $749,000 converts $5,414/mo rent into $54/mo cash flow after a $3,666/mo obligation. Total monthly income equals $5,414/mo, and annual cash flow totals $653/yr on $246,421 invested. Return on cash invested prints 20.33% in year one, and rental yield reads 8.67% against a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation compiles into $206,935 by year five. Five-year ROI reaches 106.33% and total cumulative return in cash sums $262,012. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,414/mo property income covering a $3,666/mo payment, not borrower’s personal income.
Single Family
Built in 1981
6 Acres lot
$N/A/sqft
$400 annually HOA
Neighborhood data shown for ZIP Code: 77469, Richmond, TX area.
| 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 |
Residential
25,396
Single Family
22,843
Multi-Family
2,553
Businesses
817
Date | Event | Price |
|---|---|---|
| 2024-12-06 | Price change | $749,000 |
| 2024-10-27 | Listed for sale | $785,000 |
| 1992-06-25 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $529,871 | 10.00% |
| 2023-12-27 | $4060.79 | -28.84% | $481,701 | 10.00% |
| 2022-12-27 | $5706.20 | 3.26% | $437,910 | 10.00% |
Listed by: Marilyn Sitka • Richmond Property Shoppe, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #38222114
Disclaimer: Copyright 2024, 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.
