1520 Ridgeway DrShermanTX75092
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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
Investment property for sale in Sherman at 1520 Ridgeway Dr, Sherman, TX, 75092 listed at $240,000 pairs $3,016/mo rent with a $1,175/mo payment to leave $1,309/mo cash flow. Total monthly income runs $3,016/mo, and annual cash flow reaches $15,708/yr on $79,560 cash to close. Return on cash invested measures 39.65% in year one, and rental yield registers 15.08% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 209.93% and total cumulative return in cash totals $167,018. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,016/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
7,797 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75092, Sherman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,481 (100%) |
| Owner Occupied HU | 6,768 (50.2%) |
| Renter Occupied HU | 5,661 (42.0%) |
| Vacant Housing Units | 1,052 ( 7.8%) |
| Median Home Value | $310,571 |
| Average Home Value | $339,861 |
Housing Distribution
Address Breakdown
Residential
13,201
Single Family
9,832
Multi-Family
3,369
Businesses
546
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Listed by: Jessica Orr • Avignon Realty
Mls Name: NTREIS
Mls ID: #20677016
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.