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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Richmond at 7909 Power Line Rd, Richmond, TX, 77469 offers a 1.81% rental yield on a $1,550,000 purchase with $2,340/mo rent. 38% in year one. Equity gained on principal adds $10,002/yr while 5% annual appreciation supports $428,236 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,340/mo property income against a $7,586/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
6.73 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77469, Richmond, TX area.
| 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 |
Residential
25,396
Single Family
22,843
Multi-Family
2,553
Businesses
817
Date | Event | Price |
|---|---|---|
| 2024-09-09 | Listed for sale | $1,550,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jo Krejci • Champion Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #23174291
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