323 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 323 Rita Ridge Ct, Millsap, TX, 76066 priced at $504,900 pairs $2,274/mo rent with after a $2,471/mo payment. Total monthly income equals $2,274/mo. Return on cash invested is 10.55% in year one, and rental yield stands at 5.4% on a $504,900 basis. Equity gained on principal adds $3,258/yr, and 5% annual appreciation accumulates to $139,495 by year five. Five-year ROI measures 53.85% and total cumulative return in cash reaches $89,446. For financing, Ziffy Mortgage’s DSCR program evaluates $2,274/mo property income against a $2,471/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
1.01 Acres lot
$N/A/sqft
No 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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