116 Creek Ridge DrBastropTX78602
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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 Bastrop at 116 Creek Ridge Dr, Bastrop, TX, 78602 priced at $350,000 pairs $2,275/mo rent with after a $1,713/mo payment. Total monthly income equals $2,275/mo. Return on cash invested is 17.7% in year one, and rental yield stands at 7.8% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 92.23% and total cumulative return in cash reaches $107,006. For financing, Ziffy Mortgage’s DSCR program evaluates $2,275/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78602, Bastrop, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,506 (100%) |
| Owner Occupied HU | 11,642 (70.5%) |
| Renter Occupied HU | 3,542 (21.5%) |
| Vacant Housing Units | 1,322 ( 8.0%) |
| Median Home Value | $347,719 |
| Average Home Value | $396,837 |
Housing Distribution
Address Breakdown
Residential
14,020
Single Family
13,017
Multi-Family
1,003
Businesses
1,232
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