5845 Water Ridge DrArlingtonTX76016
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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 Arlington at 5845 Water Ridge Dr, Arlington, TX, 76016 earns from $1,678/mo rent with a $1,419/mo payment. Total monthly income totals $1,678/mo. ROI tracks 10.85% on current figures, and rental yield reads 6.94% at a $290,000 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,122 over five years. Five-year ROI reaches 57.06% and total cumulative return in cash sums $54,856. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,678/mo property income instead of your personal income.
Condo
Built in 1985
4,051 sqft lot
$N/A/sqft
$342 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76016, Arlington, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,021 (100%) |
| Owner Occupied HU | 9,426 (78.4%) |
| Renter Occupied HU | 2,230 (18.6%) |
| Vacant Housing Units | 365 ( 3.0%) |
| Median Home Value | $376,342 |
| Average Home Value | $415,726 |
Housing Distribution
Address Breakdown
Residential
12,051
Single Family
11,257
Multi-Family
794
Businesses
505
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Listed by: Renee Benson • Roots Real Estate Co.
Mls Name: NTREIS
Mls ID: #20594920
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.