5038 Ridgegate LnMidlothianTX76065
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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
Investment property for sale in Midlothian at 5038 Ridgegate Ln, Midlothian, TX, 76065 offers a 11.31% rental yield on a $569,900 purchase with $5,372/mo rent. Total monthly income registers $5,372/mo, and a $2,789/mo payment leaves $1,276/mo available for distribution. Annual cash flow reaches $15,312/yr on $187,497 to close, and return on cash invested stands at 28.23% in year one. Equity gained on principal adds $3,677/yr while 5% annual appreciation supports $157,453 over five years. Portfolio math shows five-year ROI at 148.72% and total cumulative return in cash at $278,850. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,372/mo property income against a $2,789/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.25 Acres lot
$N/A/sqft
$525 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76065, Midlothian, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,220 (100%) |
| Owner Occupied HU | 15,180 (79.0%) |
| Renter Occupied HU | 3,250 (16.9%) |
| Vacant Housing Units | 790 ( 4.1%) |
| Median Home Value | $430,364 |
| Average Home Value | $474,199 |
Housing Distribution
Address Breakdown
Residential
17,533
Single Family
16,402
Multi-Family
1,131
Businesses
1,208
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Listed by: Beverly Pironti • Berkshire HathawayHS PenFed TX
Mls Name: NTREIS
Mls ID: #20747205
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.