Groves Plan, Candela 40'RichmondTX77406
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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 Groves Plan, Candela 40', Richmond, TX, 77406 offers $2,917/mo rent that, after a $1,821/mo payment, leaves $271/mo cash flow. Total monthly income is $2,917/mo, and annual cash flow is $3,257/yr on $123,315 cash. Return on cash invested measures 22.55% in year one, and rental yield stands at 9.41% at a $371,990 entry. Equity gained on principal adds $2,400/yr while 5% annual appreciation compounds into $102,774 by year five. Five-year ROI records 118.23% and total cumulative return in cash reaches $145,794. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,917/mo property income versus a $1,821/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No 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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