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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% |
Investment property for sale in Richmond at 7115 Iris Grove Ln, Richmond, TX, 77407 uses $127,628 cash to close to unlock $1,625/yr annual cash flow and $135/mo monthly cash flow. Total monthly income runs $2,952/mo, and a $1,884/mo payment keeps the spread at $135/mo. Purchase price stands at $385,000, and rental yield measures 9.2% with $2,952/mo rent. Return on cash invested shows 21.18% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 111.15% and total cumulative return in cash records $141,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,952/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 2018
6,686 sqft lot
$N/A/sqft
$950 annually HOA
Date | Event | Price |
|---|---|---|
| 2025-04-24 | Listed for sale | $385,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-24 | $6017.07 | 0.92% | $402,470 | 2.16% |
| 2023-04-24 | $5962.27 | 3.00% | $393,956 | 13.44% |
| 2022-04-24 | $5788.75 | 20.74% | $347,280 | 26.73% |
Listed by: Vanessa Pimentel • CB&A, Realtors-Katy
Mls Name: HAR
Mls Provider:
Mls ID: #6974202
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