122 Buffalo Ridge DrNewarkTX76071
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
- 3 Bed
- 2 Bath
- 1411 sft
- 3 Bed
- 2 Bath
- 1402 sft
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 Newark at 122 Buffalo Ridge Dr, Newark, TX, 76071 priced at $298,999 converts $2,465/mo rent into $302/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,465/mo, and annual cash flow totals $3,627/yr on $99,118 invested. Return on cash invested prints 23.57% in year one, and rental yield reads 9.89% against a $298,999 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 123.87% and total cumulative return in cash sums $122,782. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,465/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 2010
5,488 sqft lot
$N/A/sqft
$37 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76071, Newark, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,774 (100%) |
| Owner Occupied HU | 2,305 (83.1%) |
| Renter Occupied HU | 310 (11.2%) |
| Vacant Housing Units | 159 ( 5.7%) |
| Median Home Value | $314,831 |
| Average Home Value | $314,008 |
Housing Distribution
Address Breakdown
Residential
1,845
Single Family
1,818
Multi-Family
27
Businesses
108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
- 3 Bed
- 2 Bath
- 1411 sft
- 3 Bed
- 2 Bath
- 1402 sft
Listed by: Stephen Kahn • Century 21 Mike Bowman, Inc.
Mls Name: NTREIS
Mls ID: #20945824
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.