1303 Ridgewood DrLeanderTX78641
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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 Leander at 1303 Ridgewood Dr, Leander, TX, 78641 priced at $346,900 converts $1,958/mo rent into after a $1,698/mo obligation. Total monthly income equals $1,958/mo. Return on cash invested prints 13.98% in year one, and rental yield reads 6.77% against a $346,900 entry. Equity gained on principal adds $2,238/yr, while 5% annual appreciation compiles into $95,842 by year five. Five-year ROI reaches 72.48% and total cumulative return in cash sums $83,353. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,958/mo property income covering a $1,698/mo payment, not borrower’s personal income.
Single Family
Built in 2002
7,230 sqft lot
$N/A/sqft
$26 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78641, Leander, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 45,715 (100%) |
| Owner Occupied HU | 32,207 (70.5%) |
| Renter Occupied HU | 9,266 (20.3%) |
| Vacant Housing Units | 4,242 ( 9.3%) |
| Median Home Value | $526,820 |
| Average Home Value | $606,525 |
Housing Distribution
Address Breakdown
Residential
41,837
Single Family
37,816
Multi-Family
4,021
Businesses
1,109
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