300 Ridgeway DrBlue RidgeTX75424
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
Rental property for sale in Blue Ridge at 300 Ridgeway Dr, Blue Ridge, TX, 75424 offers $1,405/mo rent that, after a $912/mo payment, leaves $80/mo cash flow. Total monthly income is $1,405/mo, and annual cash flow is $960/yr on $61,758 cash. Return on cash invested measures 21.46% in year one, and rental yield stands at 9.05% at a $186,300 entry. Equity gained on principal adds $1,202/yr while 5% annual appreciation compounds into $51,471 by year five. Five-year ROI records 112.47% and total cumulative return in cash reaches $69,459. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,405/mo property income versus a $912/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75424, Blue Ridge, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,630 (100%) |
| Owner Occupied HU | 1,311 (80.4%) |
| Renter Occupied HU | 243 (14.9%) |
| Vacant Housing Units | 76 ( 4.7%) |
| Median Home Value | $512,366 |
| Average Home Value | $518,837 |
Housing Distribution
Address Breakdown
Residential
1,662
Single Family
1,662
Multi-Family
0
Businesses
101
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Listed by: Sheryl Warren • StarCrest Realty, LLC
Mls Name: HAR
Mls ID: #55847013