238 Ridgewood RdGoodrichTX77335
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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 Goodrich at 238 Ridgewood Rd, Goodrich, TX, 77335 offers a 10.33% rental yield on a $129,000 purchase with $1,111/mo rent. Total monthly income registers $1,111/mo, and a $631/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,047/yr on $42,764 to close, and return on cash invested stands at 24.7% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 130.01% and total cumulative return in cash at $55,597. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,111/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.70 Acres lot
$N/A/sqft
$5 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77335, Goodrich, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,269 (100%) |
| Owner Occupied HU | 748 (58.9%) |
| Renter Occupied HU | 179 (14.1%) |
| Vacant Housing Units | 342 (27.0%) |
| Median Home Value | $168,750 |
| Average Home Value | $228,011 |
Housing Distribution
Address Breakdown
Residential
688
Single Family
687
Multi-Family
1
Businesses
50
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Listed by: Jeffrey Robillard • Newfound Real Estate
Mls Name: NTREIS
Mls ID: #20929979
Disclaimer: 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.