109 Ridgewood DrPalestineTX75803
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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 Palestine at 109 Ridgewood Dr, Palestine, TX, 75803 uses $53,040 cash to close to unlock $1,228/yr annual cash flow and $102/mo monthly cash flow. Total monthly income runs $1,240/mo, and a $783/mo payment keeps the spread at $102/mo. Purchase price stands at $160,000, and rental yield measures 9.3% with $1,240/mo rent. Return on cash invested shows 22.22% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 116.52% and total cumulative return in cash records $61,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,240/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75803, Palestine, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,231 (100%) |
| Owner Occupied HU | 4,883 (67.5%) |
| Renter Occupied HU | 1,564 (21.6%) |
| Vacant Housing Units | 784 (10.8%) |
| Median Home Value | $218,045 |
| Average Home Value | $243,064 |
Housing Distribution
Address Breakdown
Residential
6,846
Single Family
6,602
Multi-Family
244
Businesses
114
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