8022 Thorncroft Manor Ln,Richmond,TX,77407

Investment Highlights

Investment property for sale in Richmond at 8022 Thorncroft Manor Ln, Richmond, TX, 77407 uses $101,041 cash to close to unlock $6,184/yr annual cash flow and $515/mo monthly cash flow. Total monthly income runs $2,752/mo, and a $1,492/mo payment keeps the spread at $515/mo. Purchase price stands at $304,800, and rental yield measures 10.83% with $2,752/mo rent. Return on cash invested shows 26.03% in year one, and 5% annual appreciation builds toward $84,211 over five years. Five-year ROI reaches 137.19% and total cumulative return in cash records $138,619. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,752/mo property income covering a $1,492/mo payment rather than investor’s personal income.