102 Ridgeway DrOvillaTX75154
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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
Investment property for sale in Ovilla at 102 Ridgeway Dr, Ovilla, TX, 75154 with 5% annual appreciation on a $567,200 basis while $5,581/mo rent supports operations. Total monthly income totals $5,581/mo and a $2,776/mo payment preserves $1,548/mo for cash returns. Annual cash flow comes to $18,572/yr on $186,609 deployed, and return on cash invested reaches 30.01% in year one. Equity gained on principal adds $3,660/yr, and five-year appreciation sums $156,707 alongside rental yield of 11.81%. Five-year ROI measures 158.21% and total cumulative return in cash totals $295,234.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,581/mo property income versus a $2,776/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1991
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75154, Red Oak, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,844 (100%) |
| Owner Occupied HU | 14,515 (77.0%) |
| Renter Occupied HU | 3,735 (19.8%) |
| Vacant Housing Units | 594 ( 3.2%) |
| Median Home Value | $347,833 |
| Average Home Value | $386,647 |
Housing Distribution
Address Breakdown
Residential
18,969
Single Family
17,381
Multi-Family
1,588
Businesses
1,012
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