7002 Halifax Harvest Ln,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 7002 Halifax Harvest Ln, Richmond, TX, 77407 offers a 9.65% rental yield on a $355,600 purchase with $2,860/mo rent. Total monthly income registers $2,860/mo, and a $1,740/mo payment leaves $332/mo available for distribution. Annual cash flow reaches $3,981/yr on $117,881 to close, and return on cash invested stands at 23.29% in year one. Equity gained on principal adds $2,295/yr while 5% annual appreciation supports $98,246 over five years. Portfolio math shows five-year ROI at 122.16% and total cumulative return in cash at $144,008. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,860/mo property income against a $1,740/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.