1118 Elk Ridge DrStephenvilleTX76401
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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 Stephenville at 1118 Elk Ridge Dr, Stephenville, TX, 76401 offers a 8.23% rental yield on a $425,000 purchase with $2,916/mo rent. 01% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 99.2% and total cumulative return in cash at $139,757. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,916/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76401, Stephenville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,869 (100%) |
| Owner Occupied HU | 6,585 (47.5%) |
| Renter Occupied HU | 5,603 (40.4%) |
| Vacant Housing Units | 1,681 (12.1%) |
| Median Home Value | $287,815 |
| Average Home Value | $397,085 |
Housing Distribution
Address Breakdown
Residential
12,970
Single Family
12,078
Multi-Family
892
Businesses
1,377
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Listed by: Larinda Ray • LARINDA RAY REALTY TEAM
Mls Name: NTREIS
Mls ID: #21072447