5060 Ridgecrest DrThe ColonyTX75056
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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 The Colony at 5060 Ridgecrest Dr, The Colony, TX, 75056 priced at $539,999 converts $4,738/mo rent into $898/mo cash flow after a $2,643/mo obligation. Total monthly income equals $4,738/mo, and annual cash flow totals $10,776/yr on $177,660 invested. Return on cash invested prints 26.13% in year one, and rental yield reads 10.53% against a $539,999 entry. Equity gained on principal adds $3,485/yr, while 5% annual appreciation compiles into $149,192 by year five. Five-year ROI reaches 137.35% and total cumulative return in cash sums $244,022. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,738/mo property income covering a $2,643/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75056, The Colony, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,083 (100%) |
| Owner Occupied HU | 16,441 (51.2%) |
| Renter Occupied HU | 13,404 (41.8%) |
| Vacant Housing Units | 2,238 ( 7.0%) |
| Median Home Value | $488,651 |
| Average Home Value | $527,353 |
Housing Distribution
Address Breakdown
Residential
31,154
Single Family
17,896
Multi-Family
13,258
Businesses
1,394
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Listed by: Rebekah Staley • Century 21 Mike Bowman, Inc.
Mls Name: NTREIS
Mls ID: #20754898
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.