7523 Chathan Glen Ln,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 7523 Chathan Glen Ln, Richmond, TX, 77407 offers a 11.12% rental yield on a $294,800 purchase with $2,732/mo rent. Total monthly income registers $2,732/mo, and a $1,443/mo payment leaves $567/mo available for distribution. Annual cash flow reaches $6,798/yr on $97,726 to close, and return on cash invested stands at 26.87% in year one. Equity gained on principal adds $1,902/yr while 5% annual appreciation supports $81,448 over five years. Portfolio math shows five-year ROI at 141.69% and total cumulative return in cash at $138,467. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,732/mo property income against a $1,443/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.