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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Sheridan at 203 Hickory Dr, Sheridan, TX, 77475 offers $974/mo rent that, after a $905/mo payment. Total monthly income is $974/mo. Return on cash invested measures 13.23% in year one, and rental yield stands at 6.32% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 68.25% and total cumulative return in cash reaches $41,859. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $974/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77475, Sheridan, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 304 (100%) |
| Owner Occupied HU | 202 (66.4%) |
| Renter Occupied HU | 20 ( 6.6%) |
| Vacant Housing Units | 82 (27.0%) |
| Median Home Value | $294,444 |
| Average Home Value | $406,188 |
Residential
1
Single Family
1
Multi-Family
0
Businesses
31
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Stephen Janda • Bubela Real Estate
Mls Name: HAR
Mls ID: #5107235
