8802 Andes Ridge LnRichmondTX77407
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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 8802 Andes Ridge Ln, Richmond, TX, 77407 uses $230,267 cash to close to unlock $2,206/yr annual cash flow and $184/mo monthly cash flow. Total monthly income runs $5,240/mo, and a $3,426/mo payment keeps the spread at $184/mo. Purchase price stands at $699,900, and rental yield measures 8.98% with $5,240/mo rent. Return on cash invested shows 21.02% in year one, and 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 110.12% and total cumulative return in cash records $253,568. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,240/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Single Family
Built in 2016
0.30 Acres lot
$N/A/sqft
$945 annually HOA
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Listed by: Carmen Price • United Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #30625835
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