2000 Ridgecrest Ln #LH0MSDShermanTX75092
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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 Sherman at 2000 Ridgecrest Ln #LH0MSD, Sherman, TX, 75092 offers $2,342/mo rent that, after a $1,474/mo payment, leaves $200/mo cash flow. Total monthly income is $2,342/mo, and annual cash flow is $2,404/yr on $99,848 cash. Return on cash invested measures 22.32% in year one, and rental yield stands at 9.33% at a $301,200 entry. Equity gained on principal adds $1,944/yr while 5% annual appreciation compounds into $83,216 by year five. Five-year ROI records 116.99% and total cumulative return in cash reaches $116,813. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,342/mo property income versus a $1,474/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A 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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