103 Saddle Ridge DrGodleyTX76044
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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
Rental property for sale in Godley at 103 Saddle Ridge Dr, Godley, TX, 76044 priced at $399,500 converts $2,934/mo rent into after a $1,955/mo obligation. Total monthly income equals $2,934/mo. Return on cash invested prints 17.55% in year one, and rental yield reads 8.81% against a $399,500 entry. Equity gained on principal adds $2,578/yr, while 5% annual appreciation compiles into $110,374 by year five. Five-year ROI reaches 92.57% and total cumulative return in cash sums $122,595. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,934/mo property income covering a $1,955/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.50 Acres lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76044, Godley, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,579 (100%) |
| Owner Occupied HU | 2,998 (83.8%) |
| Renter Occupied HU | 342 ( 9.6%) |
| Vacant Housing Units | 239 ( 6.7%) |
| Median Home Value | $424,069 |
| Average Home Value | $550,357 |
Housing Distribution
Address Breakdown
Residential
3,397
Single Family
3,397
Multi-Family
0
Businesses
190
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Listed by: Nicole Shipman • The Property Shop
Mls Name: NTREIS
Mls ID: #20950577
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.