8051 Virginia DrRichmondTX77406
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Richmond at 8051 Virginia Dr, Richmond, TX, 77406 priced at $416,825 converts $2,870/mo rent into after a $2,040/mo obligation. Total monthly income equals $2,870/mo. Return on cash invested prints 18.57% in year one, and rental yield reads 8.26% against a $416,825 entry. Equity gained on principal adds $2,690/yr, while 5% annual appreciation compiles into $115,161 by year five. Five-year ROI reaches 97.04% and total cumulative return in cash sums $134,094. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,870/mo property income covering a $2,040/mo payment, not borrower’s personal income.
Single Family
Built in 2022
N/A lot
$N/A/sqft
$725 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77406, Richmond, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,399 (100%) |
| Owner Occupied HU | 20,904 (79.2%) |
| Renter Occupied HU | 3,892 (14.7%) |
| Vacant Housing Units | 1,603 ( 6.1%) |
| Median Home Value | $456,400 |
| Average Home Value | $519,922 |
Housing Distribution
Address Breakdown
Residential
23,639
Single Family
21,386
Multi-Family
2,253
Businesses
1,062
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Listed by: Patrick McGrath • Meritage Homes Realty
Mls Name: HAR
Mls Provider:
Mls ID: #87715985
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