1123 Crest Ridge DrGlenn HeightsTX75154
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Glenn Heights at 1123 Crest Ridge Dr, Glenn Heights, TX, 75154 offers a 9.04% rental yield on a $500,000 purchase with $3,766/mo rent. Total monthly income registers $3,766/mo, and a $2,447/mo payment leaves $50/mo available for distribution. Annual cash flow reaches $605/yr on $165,750 to close, and return on cash invested stands at 20.27% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,141 over five years. Portfolio math shows five-year ROI at 106.44% and total cumulative return in cash at $176,420. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,766/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
10,236 sqft lot
$N/A/sqft
$478 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lacea Renta • Real Broker, LLC
Mls Name: NTREIS
Mls ID: #20941827
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.