507 Ridgecrest DrWhite OakTX75693
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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 White Oak at 507 Ridgecrest Dr, White Oak, TX, 75693 uses $81,831 cash to close to unlock $6,346/yr annual cash flow and $529/mo monthly cash flow. Total monthly income runs $2,284/mo, and a $1,208/mo payment keeps the spread at $529/mo. Purchase price stands at $246,850, and rental yield measures 11.1% with $2,284/mo rent. Return on cash invested shows 27.66% in year one, and 5% annual appreciation builds toward $68,200 over five years. Five-year ROI reaches 145.64% and total cumulative return in cash records $119,177. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,284/mo property income covering a $1,208/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75693, White Oak, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,509 (100%) |
| Owner Occupied HU | 1,610 (64.2%) |
| Renter Occupied HU | 663 (26.4%) |
| Vacant Housing Units | 236 ( 9.4%) |
| Median Home Value | $241,549 |
| Average Home Value | $242,748 |
Housing Distribution
Address Breakdown
Residential
2,412
Single Family
2,412
Multi-Family
0
Businesses
279
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