146 Turkey Ridge CvCedar CreekTX78612
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Cedar Creek at 146 Turkey Ridge Cv, Cedar Creek, TX, 78612 uses $64,643 cash to close to unlock $1,905/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $1,545/mo, and a $954/mo payment keeps the spread at $159/mo. Purchase price stands at $195,000, and rental yield measures 9.51% with $1,545/mo rent. Return on cash invested shows 22.86% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 119.86% and total cumulative return in cash records $77,482. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,545/mo property income covering a $954/mo payment rather than investor’s personal income.
Manufactured
Built in 1985
88,557 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78612, Cedar Creek, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,349 (100%) |
| Owner Occupied HU | 4,793 (75.5%) |
| Renter Occupied HU | 1,142 (18.0%) |
| Vacant Housing Units | 414 ( 6.5%) |
| Median Home Value | $347,251 |
| Average Home Value | $411,581 |
Housing Distribution
Address Breakdown
Residential
6,245
Single Family
6,245
Multi-Family
0
Businesses
273
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jenn Colunga • eXp Realty, LLC
Mls Name: Unlock MLS
Mls ID: #9941560