531 Ridgecrest DrLewisvilleTX75067
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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 Lewisville at 531 Ridgecrest Dr, Lewisville, TX, 75067 with 5% annual appreciation on a $249,900 basis while $2,288/mo rent supports operations. Total monthly income totals $2,288/mo and a $1,223/mo payment preserves $511/mo for cash returns. Annual cash flow comes to $6,133/yr on $82,842 deployed, and return on cash invested reaches 27.31% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,043 alongside rental yield of 10.99%. Five-year ROI measures 143.81% and total cumulative return in cash totals $119,138.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,288/mo property income versus a $1,223/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
6,882 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75067, Lewisville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,212 (100%) |
| Owner Occupied HU | 10,883 (37.3%) |
| Renter Occupied HU | 16,963 (58.1%) |
| Vacant Housing Units | 1,366 ( 4.7%) |
| Median Home Value | $370,654 |
| Average Home Value | $416,106 |
Housing Distribution
Address Breakdown
Residential
28,178
Single Family
13,229
Multi-Family
14,949
Businesses
1,728
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Listed by: Jesse Carcamo • Andromeda's Real Estate
Mls Name: NTREIS
Mls ID: #20958421