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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 902 Kings Forest Ln, Richmond, TX, 77469 offers a 9.62% rental yield on a $1,115,000 purchase with $8,936/mo rent. Total monthly income registers $8,936/mo, and a $5,457/mo payment leaves $914/mo available for distribution. Annual cash flow reaches $10,971/yr on $361,260 to close, and return on cash invested stands at 23.41% in year one. Equity gained on principal adds $7,195/yr while 5% annual appreciation supports $308,054 over five years. Portfolio math shows five-year ROI at 122.86% and total cumulative return in cash at $443,833. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,936/mo property income against a $5,457/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.64 Acres lot
$N/A/sqft
$1,118 annually 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 |
|---|---|---|
| 2024-03-08 | Listed for sale | $1,115,000 |
| 2022-07-27 | Listing removed | N/A |
| 2022-06-21 | Pending sale | $850,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $1,184,355 | 10.00% |
| 2023-12-27 | $15004.54 | 3.22% | $1,076,686 | 15.53% |
| 2022-12-27 | $14536.80 | 12.11% | $931,920 | 21.81% |
Listed by: Arif Chowdhury • Hearthstone Realty
Mls Name: HAR
Mls Provider:
Mls ID: #51421502
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
