7703 Northfork Hollow Ln,Richmond,TX,77407

Investment Highlights

Rental property for sale in Richmond at 7703 Northfork Hollow Ln, Richmond, TX, 77407 generates $2,686/mo in rent and, after a $1,835/mo payment, leaves $20/mo in cash flow. Total monthly income is $2,686/mo, and annual cash flow is $237/yr on $124,313 invested. Return on cash invested sits at 20.1% in year one, and rental yield is 8.6% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 105.07% and total cumulative return in cash sums $130,611. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,686/mo property income rather than buyer’s personal income.