3018 Lake Ridge DrSangerTX76266
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 Sanger at 3018 Lake Ridge Dr, Sanger, TX, 76266 offers $3,852/mo rent that, after a $1,561/mo payment, leaves $1,567/mo cash flow. Total monthly income is $3,852/mo, and annual cash flow is $18,807/yr on $105,749 cash. Return on cash invested measures 37.69% in year one, and rental yield stands at 14.49% at a $319,000 entry. Equity gained on principal adds $2,058/yr while 5% annual appreciation compounds into $88,134 by year five. Five-year ROI records 199.52% and total cumulative return in cash reaches $210,985. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,852/mo property income versus a $1,561/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
6,534 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76266, Sanger, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,762 (100%) |
| Owner Occupied HU | 5,002 (74.0%) |
| Renter Occupied HU | 1,456 (21.5%) |
| Vacant Housing Units | 304 ( 4.5%) |
| Median Home Value | $400,483 |
| Average Home Value | $485,892 |
Housing Distribution
Address Breakdown
Residential
6,911
Single Family
6,631
Multi-Family
280
Businesses
415
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vanessa Schmeltz • Jessica Hargis Realty, LLC
Mls Name: NTREIS
Mls ID: #20643630
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.