304 Rita Ridge CtMillsapTX76066
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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 Millsap at 304 Rita Ridge Ct, Millsap, TX, 76066 priced at $404,376 pairs $1,560/mo rent with after a $1,979/mo payment. Total monthly income equals $1,560/mo. Return on cash invested is 7.76% in year one, and rental yield stands at 4.63% on a $404,376 basis. Equity gained on principal adds $2,609/yr, and 5% annual appreciation accumulates to $111,722 by year five. Five-year ROI measures 39.04% and total cumulative return in cash reaches $52,330. For financing, Ziffy Mortgage’s DSCR program evaluates $1,560/mo property income against a $1,979/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
1 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76066, Millsap, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,848 (100%) |
| Owner Occupied HU | 1,410 (76.3%) |
| Renter Occupied HU | 285 (15.4%) |
| Vacant Housing Units | 153 ( 8.3%) |
| Median Home Value | $373,667 |
| Average Home Value | $405,397 |
Housing Distribution
Address Breakdown
Residential
1,678
Single Family
1,678
Multi-Family
0
Businesses
122
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Listed by: Janice Blackburn • CENTURY 21 Judge Fite Co.
Mls Name: NTREIS
Mls ID: #20673047
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.