2000 Ridgecrest Ln #PDLLO1ShermanTX75092
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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 #PDLLO1, Sherman, TX, 75092 uses $142,313 cash to close to unlock $4,817/yr annual cash flow and $401/mo monthly cash flow. Total monthly income runs $3,454/mo, and a $2,101/mo payment keeps the spread at $401/mo. Purchase price stands at $429,300, and rental yield measures 9.65% with $3,454/mo rent. Return on cash invested shows 23.29% in year one, and 5% annual appreciation builds toward $118,608 over five years. Five-year ROI reaches 122.22% and total cumulative return in cash records $173,939. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,454/mo property income covering a $2,101/mo payment rather than investor’s personal income.
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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