1822 Ritchie RdLorenaTX76655
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
Rental property for sale in Lorena at 1822 Ritchie Rd, Lorena, TX, 76655 priced at $1,960,200 converts $2,404/mo rent into after a $9,594/mo obligation. Total monthly income equals $2,404/mo. Return on cash invested prints -1.43% in year one, and rental yield reads 1.47% against a $1,960,200 entry. Equity gained on principal adds $12,649/yr, while 5% annual appreciation compiles into $541,567 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,404/mo property income covering a $9,594/mo payment, not borrower’s personal income.
Single Family
Built in 1980
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76655, Lorena, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,436 (100%) |
| Owner Occupied HU | 3,509 (79.1%) |
| Renter Occupied HU | 790 (17.8%) |
| Vacant Housing Units | 137 ( 3.1%) |
| Median Home Value | $337,780 |
| Average Home Value | $372,706 |
Housing Distribution
Address Breakdown
Residential
4,436
Single Family
4,436
Multi-Family
0
Businesses
166
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daryl Weems • Twin Bends, LLC
Mls Name: WMLS
Mls Provider:
Mls ID: #217300
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-12-26 23:25:31 PST