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Year 1 Highlights
-5.2%Cash on Cash
3.37%Cap Rate
4%YoY Appreciation
$-819Cash Flow/mo.
Why invest?
Investing in 4606 Pine Meadow Dr, Richmond, TX 77469 offers a promising opportunity in a dynamic rental market. The property's spacious layout and prime location make it appealing to a broad tenant base, ensuring consistent demand and potential for steady rental income.
Property Overview
This 4-bedroom, 3-bathroom home spans 2,766 square feet, providing ample space for families and professionals alike. Built in 1980, the residence features a functional layout with well-proportioned rooms and modern amenities, catering to contemporary living standards.
Economic and Employment Insights
Richmond, TX, benefits from a robust local economy with a diverse range of employers, contributing to a stable job market. The area's economic stability and growth prospects enhance its attractiveness for both residents and investors.
Local Amenities
The neighborhood offers a variety of amenities, including reputable schools, convenient transportation options, and a selection of shopping and dining venues. Parks and recreational facilities further enrich the community, providing a high quality of life for its residents.
Currently Leased
Monthly Rent
$2,700/month
Seller-reported
Partner Property
Lease data provided by the seller. Not independently verified by Doorvest.
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