117 Ridgewood DrFredericksburgTX78624
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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 Fredericksburg at 117 Ridgewood Dr, Fredericksburg, TX, 78624 priced at $399,000 pairs $2,462/mo rent with after a $1,953/mo payment. Total monthly income equals $2,462/mo. Return on cash invested is 16.5% in year one, and rental yield stands at 7.4% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. Five-year ROI measures 85.79% and total cumulative return in cash reaches $113,474. For financing, Ziffy Mortgage’s DSCR program evaluates $2,462/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1982
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78624, Fredericksburg, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,017 (100%) |
| Owner Occupied HU | 7,603 (58.4%) |
| Renter Occupied HU | 2,910 (22.4%) |
| Vacant Housing Units | 2,504 (19.2%) |
| Median Home Value | $493,755 |
| Average Home Value | $638,185 |
Housing Distribution
Address Breakdown
Residential
11,076
Single Family
10,120
Multi-Family
956
Businesses
1,618
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Listed by: Erika Radis • eXp Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1849015
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.