2000 Ridgecrest Ln #ML22C9ShermanTX75092
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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 2000 Ridgecrest Ln #ML22C9, Sherman, TX, 75092 offers a 9.85% rental yield on a $353,800 purchase with $2,903/mo rent. Total monthly income registers $2,903/mo, and a $1,732/mo payment leaves $387/mo available for distribution. Annual cash flow reaches $4,641/yr on $117,285 to close, and return on cash invested stands at 23.87% in year one. Equity gained on principal adds $2,283/yr while 5% annual appreciation supports $97,748 over five years. Portfolio math shows five-year ROI at 125.28% and total cumulative return in cash at $146,935. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,903/mo property income against a $1,732/mo payment rather than investor’s personal income documents like 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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