7014 Glennwick Grove LnRichmondTX77469
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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 7014 Glennwick Grove Ln, Richmond, TX, 77469 offers a 9.36% rental yield on a $400,090 purchase with $3,120/mo rent. Total monthly income registers $3,120/mo, and a $1,958/mo payment leaves $198/mo available for distribution. Annual cash flow reaches $2,377/yr on $132,630 to close, and return on cash invested stands at 21.7% in year one. Equity gained on principal adds $2,582/yr while 5% annual appreciation supports $110,537 over five years. Portfolio math shows five-year ROI at 113.94% and total cumulative return in cash at $151,112. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,120/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,500 sqft lot
$N/A/sqft
$925 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: Nimesh Patel • RE/MAX Fine Properties
Mls Name: HAR
Mls Provider:
Mls ID: #42953615
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