7510 Highland Chase Dr,Richmond,TX,77407

Investment Highlights

Rental property for sale in Richmond at 7510 Highland Chase Dr, Richmond, TX, 77407 priced at $320,500 pairs $2,826/mo rent with $547/mo cash flow after a $1,569/mo payment. Total monthly income equals $2,826/mo, and annual cash flow comes to $6,559/yr on $106,246 invested. Return on cash invested is 26.08% in year one, and rental yield stands at 10.58% on a $320,500 basis. Equity gained on principal adds $2,068/yr, and 5% annual appreciation accumulates to $88,548 by year five. Five-year ROI measures 137.17% and total cumulative return in cash reaches $145,732. For financing, Ziffy Mortgage’s DSCR program evaluates $2,826/mo property income against a $1,569/mo payment instead of your W2s, 1099s, or Tax returns.