2505 Ridgecrest RdGreenvilleTX75402
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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 Greenville at 2505 Ridgecrest Rd, Greenville, TX, 75402 uses $82,842 cash to close to unlock $8,413/yr annual cash flow and $701/mo monthly cash flow. Total monthly income runs $2,478/mo, and a $1,223/mo payment keeps the spread at $701/mo. Purchase price stands at $249,900, and rental yield measures 11.9% with $2,478/mo rent. Return on cash invested shows 30.06% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 158.56% and total cumulative return in cash records $131,354. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,478/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75402, Greenville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,540 (100%) |
| Owner Occupied HU | 5,949 (62.4%) |
| Renter Occupied HU | 2,880 (30.2%) |
| Vacant Housing Units | 711 ( 7.5%) |
| Median Home Value | $277,345 |
| Average Home Value | $330,083 |
Housing Distribution
Address Breakdown
Residential
8,938
Single Family
7,519
Multi-Family
1,419
Businesses
709
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Listed by: Janice Lovell • Ja-Love, Realtors
Mls Name: NTREIS
Mls ID: #20699952
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.