1101 Signal Ridge Pl #1101RockwallTX75032
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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 Rockwall at 1101 Signal Ridge Pl #1101, Rockwall, TX, 75032 uses $57,018 cash to close to unlock $14,025/yr annual cash flow and $1,169/mo monthly cash flow. Total monthly income runs $2,591/mo, and a $842/mo payment keeps the spread at $1,169/mo. Purchase price stands at $172,000, and rental yield measures 18.08% with $2,591/mo rent. Return on cash invested shows 44.51% in year one, and 5% annual appreciation builds toward $47,520 over five years. Five-year ROI reaches 237.51% and total cumulative return in cash records $135,421. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,591/mo property income covering a $842/mo payment rather than investor’s personal income.
Condo
Built in 1985
2,570 sqft lot
$N/A/sqft
$199 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75032, Rockwall, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,162 (100%) |
| Owner Occupied HU | 10,746 (70.9%) |
| Renter Occupied HU | 3,615 (23.8%) |
| Vacant Housing Units | 801 ( 5.3%) |
| Median Home Value | $528,692 |
| Average Home Value | $584,841 |
Housing Distribution
Address Breakdown
Residential
14,792
Single Family
12,789
Multi-Family
2,003
Businesses
738
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Listed by: Anyiesa Johnson • Opendoor Brokerage, LLC
Mls Name: NTREIS
Mls ID: #20651923
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.