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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% |
- 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 Cardinal Plan, Indigo, Richmond, TX, 77406 offers $3,960/mo rent that, after a $2,012/mo payment. Total monthly income is $3,960/mo. Return on cash invested measures 14.07% in year one, and rental yield stands at 11.56% at a $411,000 entry. Equity gained on principal adds $2,652/yr while 5% annual appreciation compounds into $113,552 by year five. Five-year ROI records 78.16% and total cumulative return in cash reaches $106,489. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,960/mo property income versus a $2,012/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
$1,700 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-07-15 | Price change | $411,000 |
| 2025-07-14 | Price change | $424,000 |
| 2025-04-14 | Price change | $415,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2025
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 2,181 sqft
- Property Condition: New Construction
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Garage
Location
- City: Richmond
- Subdivision: Indigo
- Lot Size: N/A
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: $1,700 monthly
- Association Fee: $1,700 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: James C. Neil Elementary School
- Middle School: James Bowie Middle School
- High School: Travis High School
Listed by: N/A • Empire Homes
Mls Name: Empire Homes
Mls Provider:
Mls ID: #N/A