271 Read Ranch DrParadiseTX76073
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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 Paradise at 271 Read Ranch Dr, Paradise, TX, 76073 offers $3,035/mo rent that, after a $2,129/mo payment. Total monthly income is $3,035/mo. Return on cash invested measures 19.43% in year one, and rental yield stands at 8.37% at a $434,900 entry. Equity gained on principal adds $2,806/yr while 5% annual appreciation compounds into $120,155 by year five. Five-year ROI records 101.45% and total cumulative return in cash reaches $146,261. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,035/mo property income versus a $2,129/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76073, Paradise, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,914 (100%) |
| Owner Occupied HU | 2,360 (81.0%) |
| Renter Occupied HU | 374 (12.8%) |
| Vacant Housing Units | 180 ( 6.2%) |
| Median Home Value | $363,609 |
| Average Home Value | $415,214 |
Housing Distribution
Address Breakdown
Residential
2,666
Single Family
2,666
Multi-Family
0
Businesses
104
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Listed by: Stephen Kahn • Century 21 Mike Bowman, Inc.
Mls Name: NTREIS
Mls ID: #20877262
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.