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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Richardson at 1231 Ridgeway Dr, Richardson, TX, 75080 offers a 9.91% rental yield on a $449,999 purchase with $3,715/mo rent. Total monthly income registers $3,715/mo, and a $2,203/mo payment leaves $515/mo available for distribution. Annual cash flow reaches $6,174/yr on $149,175 to close, and return on cash invested stands at 24.05% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,326 over five years. Portfolio math shows five-year ROI at 126.26% and total cumulative return in cash at $188,345. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,715/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
8,624 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75080, Richardson, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,565 (100%) |
| Owner Occupied HU | 10,167 (49.4%) |
| Renter Occupied HU | 9,187 (44.7%) |
| Vacant Housing Units | 1,211 ( 5.9%) |
| Median Home Value | $455,957 |
| Average Home Value | $521,179 |
Residential
20,990
Single Family
12,080
Multi-Family
8,910
Businesses
2,138
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Mauro Ahumada • HomeSmart
Mls Name: NTREIS
Mls ID: #21042427
