2231 Ridgedale DrCarrolltonTX75006
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Carrollton at 2231 Ridgedale Dr, Carrollton, TX, 75006 earns $265/mo cash flow from $2,860/mo rent with a $1,786/mo payment. Total monthly income totals $2,860/mo, and annual cash flow totals $3,179/yr on $120,998 capital. ROI tracks 22.54% on current figures, and rental yield reads 9.4% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 118.13% and total cumulative return in cash sums $142,939. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,860/mo property income instead of your personal income.
Single Family
Built in 1981
6,664 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75006, Carrollton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,503 (100%) |
| Owner Occupied HU | 9,330 (47.8%) |
| Renter Occupied HU | 9,140 (46.9%) |
| Vacant Housing Units | 1,033 ( 5.3%) |
| Median Home Value | $334,267 |
| Average Home Value | $359,234 |
Housing Distribution
Address Breakdown
Residential
19,005
Single Family
12,160
Multi-Family
6,845
Businesses
2,847
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sam Tjahjono • Mersaes Real Estate, Inc.
Mls Name: NTREIS
Mls ID: #21096661