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$515,000

For Sale - Active
5450 Atwood Canyon Ct, Richmond, TX 77407
4 Beds
0 Baths
3,324 Square Feet
0.00 Acres Lot
Built in 2020
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: Jul 14, 2025 at 05:00AM

Investment Summary


Monthly Cash Flow
-$1,488
Cap Rate
2.2%
Cash-on-Cash Return
-15.1%
Debt Coverage Ratio
0.39
Internal Rate of Return (5 years)
-10.6%

Property Description


0.00 Acres Lot
Built in 2020
For Sale - Active
Units n/a

Welcome to 5450 Atwood Canyon Ct in the highly sought-after Long Meadow Farms! Tucked away on a quiet cul-de-sac with no direct back neighbors, this gorgeous home offers 4 spacious bedrooms, 3.5 baths, a formal dining room, an oversized game room, and a dedicated media room—plenty of space for entertaining or relaxing at home. The chef’s kitchen is a showstopper with quartz countertops, massive center island, gas cooktop, double ovens, & sleek stainless steel appliances. Tech lovers will appreciate Cat6 wiring throughout, while the whole-home water filtration system with reverse osmosis ensures peace of mind. Step outside to enjoy a fully fenced yard with French drains, a full sprinkler system, a covered patio for outdoor lounging& a storage building that stays. This one truly checks all the boxes! Enjoy the amenities designed to enhance your lifestyle: access to resort-style pools, fitness center, tennis courts, multiple playgrounds& 6.5 miles of scenic walking& biking trails!

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Garage Door Opener, Driveway, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 9
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $900/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 5121450010140901
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2020

Tax Information

  • Annual Tax: $11,728

Utilities

  • Water & Sewer: Public
  • Heating: Central, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Fort Bend

Listing Details


Listed by:
Amber Morris
RE/MAX Opportunities
(979) 943-1493

Source:
Houston Association of REALTORS
MLS#: 9680648
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,488
Cap Rate
2.2%
Cash-on-Cash Return
-15.1%
Debt Coverage Ratio
0.39
Internal Rate of Return (5 years)
-10.6%

Purchase Details

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Purchase price:
$515,000
Amount financed:
-$412,000
Down payment:
$103,000
Closing costs:
$15,450
Rehab costs:
$0
Initial cash invested:
$118,450
Square feet:
3,324
Cost per square foot:
$155
Monthly rent per square foot:
$0.87

Financing Details

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Loan amount:
$412,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,437
Property tax:
$977
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,617

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (34%)
34%-$977-$11,728
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (3%)
3%-$75-$900
Total operating expenses: (61%)
61%-$1,777-$21,328

Cash Flow


Monthly Yearly
Net operating income:
$949 $11,388
Mortgage payments:
-$2,437 -$29,244
Cash flow:
$1,488 $17,856