140 Ridgecrest Dr EHemphillTX75948
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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 Hemphill at 140 Ridgecrest Dr E, Hemphill, TX, 75948 priced at $129,690 pairs $1,132/mo rent with $210/mo cash flow after a $635/mo payment. Total monthly income equals $1,132/mo, and annual cash flow comes to $2,514/yr on $42,992 invested. Return on cash invested is 25.76% in year one, and rental yield stands at 10.47% on a $129,690 basis. Equity gained on principal adds $837/yr, and 5% annual appreciation accumulates to $35,831 by year five. Five-year ROI measures 135.49% and total cumulative return in cash reaches $58,249. For financing, Ziffy Mortgage’s DSCR program evaluates $1,132/mo property income against a $635/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75948, Hemphill, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,133 (100%) |
| Owner Occupied HU | 2,405 (46.9%) |
| Renter Occupied HU | 357 ( 7.0%) |
| Vacant Housing Units | 2,371 (46.2%) |
| Median Home Value | $223,169 |
| Average Home Value | $281,982 |
Housing Distribution
Address Breakdown
Residential
3,413
Single Family
3,413
Multi-Family
0
Businesses
324
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Listed by: Melda Bartholdi • Waterfront Toledo Bend
Mls Name: LAR
Mls Provider:
Mls ID: #5101224
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.