7518 Thrips 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
Rental property for sale in Richmond at 7518 Thrips Ln, Richmond, TX, 77469 priced at $281,900 converts $2,340/mo rent into $296/mo cash flow after a $1,380/mo obligation. Total monthly income equals $2,340/mo, and annual cash flow totals $3,546/yr on $93,450 invested. Return on cash invested prints 23.7% in year one, and rental yield reads 9.96% against a $281,900 entry. Equity gained on principal adds $1,819/yr, while 5% annual appreciation compiles into $77,884 by year five. Five-year ROI reaches 124.6% and total cumulative return in cash sums $116,441. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,340/mo property income covering a $1,380/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$475 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: Jack Lipar • LGI Homes
Mls Name: HAR
Mls Provider:
Mls ID: #34506375
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