202 RiptideTempleTX76501
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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 Temple at 202 Riptide, Temple, TX, 76501 priced at $389,500 pairs $1,880/mo rent with after a $1,906/mo payment. Total monthly income equals $1,880/mo. Return on cash invested is 11.64% in year one, and rental yield stands at 5.79% on a $389,500 basis. Equity gained on principal adds $2,513/yr, and 5% annual appreciation accumulates to $107,612 by year five. Five-year ROI measures 59.73% and total cumulative return in cash reaches $77,119. For financing, Ziffy Mortgage’s DSCR program evaluates $1,880/mo property income against a $1,906/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2023
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76501, Temple, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,880 (100%) |
| Owner Occupied HU | 4,286 (54.4%) |
| Renter Occupied HU | 2,877 (36.5%) |
| Vacant Housing Units | 717 ( 9.1%) |
| Median Home Value | $232,289 |
| Average Home Value | $269,705 |
Housing Distribution
Address Breakdown
Residential
7,369
Single Family
6,892
Multi-Family
477
Businesses
585
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Listed by: Emilio Perales • Vista Real Estate
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #520984
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. 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. Copyright 2024 Central Texas MLS, All Rights Reserved.