7519 Rockaway Point Ln,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 7519 Rockaway Point Ln, Richmond, TX, 77407 listed at $339,500 pairs $2,648/mo rent with a $1,662/mo payment to leave $233/mo cash flow. Total monthly income runs $2,648/mo, and annual cash flow reaches $2,801/yr on $112,544 cash to close. Return on cash invested measures 22.4% in year one, and rental yield registers 9.36% at a $339,500 basis. Equity gained on principal adds $2,191/yr, and annual property appreciation at 5% supports $93,798 by year five. Five-year ROI tracks 117.43% and total cumulative return in cash totals $132,161. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,648/mo property income relative to a $1,662/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).