$315,000
7714 Eldergrove Ln, Richmond, TX, 77407
On Market
Property Lead Type:
Absentee OwnerHigh EquityCash BuyersMove-In Ready
Highlights
Interior
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTile, Vinyl
Exterior
Lot Size5,996 sqft
Building Information
Year Built2004
Stories1
Roof Type105
Garage Spaces1
Land Information
APN8110-07-003-0330-907
Lot Number33
SubdivisionTwin Oaks Village Sec 7
Land UseResidential
Legal DescriptionTWIN OAKS VILLAGE SEC 7, BLOCK 3, LOT 33
Census Tract672905
Assessed Land Value$43,680
Assessed Improvement Value$222,739
Assessment Year2025
About this property
Investor opportunity with immediate cash flow! This well-maintained home is Tenants-Occupied with a long-term lease in place, making it an excellent turnkey investment. NO CARPET throughout the homes! Recent updates include a new A/C system, water heater, insulation, appliances, fresh painted wall, and ceiling fans. Washer, dryer, and refrigerator are included. Major mechanical updates have already been completed, helping reduce future maintenance costs. A great opportunity to add a stable, income-producing property to your investment portfolio.
Investor Tools
$0Estimated Mortgage Balance
$285,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$469/month
$600/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,206
$266,419
2025
$43,680
$222,739
$266,419
No
Tax History
Year
Tax Paid
Assessed Value
2025
$4,206
$266,419
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$272,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,360/mo
$600/mo
+$1,760/mo
9.9%
