8307 Phantom Mist 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
Investment property for sale in Richmond at 8307 Phantom Mist Dr, Richmond, TX, 77406 listed at $774,900 pairs $5,652/mo rent with a $3,793/mo payment to leave $68/mo cash flow. Total monthly income runs $5,652/mo, and annual cash flow reaches $821/yr on $254,942 cash to close. Return on cash invested measures 20.38% in year one, and rental yield registers 8.75% at a $774,900 basis. Equity gained on principal adds $5,000/yr, and annual property appreciation at 5% supports $214,091 by year five. Five-year ROI tracks 106.7% and total cumulative return in cash totals $272,015. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,652/mo property income relative to a $3,793/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
9,365 sqft lot
$N/A/sqft
$875 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: Randy Polasek • Impression Realty
Mls Name: HAR
Mls Provider:
Mls ID: #7647069
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