703 Riveredge DrRichmondTX77406
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Richmond at 703 Riveredge Dr, Richmond, TX, 77406 priced at $270,000 converts $2,040/mo rent into $120/mo cash flow after a $1,322/mo obligation. Total monthly income equals $2,040/mo, and annual cash flow totals $1,434/yr on $89,505 invested. Return on cash invested prints 21.51% in year one, and rental yield reads 9.07% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 112.66% and total cumulative return in cash sums $100,837. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.90 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices