619 Ridge View WayJustinTX76247
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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 Justin at 619 Ridge View Way, Justin, TX, 76247 priced at $349,000 converts $2,642/mo rent into $142/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,642/mo, and annual cash flow totals $1,707/yr on $115,694 invested. Return on cash invested prints 21.38% in year one, and rental yield reads 9.08% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 112.05% and total cumulative return in cash sums $129,636. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,642/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in 2019
6,098 sqft lot
$N/A/sqft
$218 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76247, Justin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,121 (100%) |
| Owner Occupied HU | 9,700 (80.0%) |
| Renter Occupied HU | 1,582 (13.1%) |
| Vacant Housing Units | 839 ( 6.9%) |
| Median Home Value | $438,515 |
| Average Home Value | $491,845 |
Housing Distribution
Address Breakdown
Residential
10,759
Single Family
10,453
Multi-Family
306
Businesses
404
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Listed by: Brooke Hellstern • DFW Britestar Realty, PLLC
Mls Name: NTREIS
Mls ID: #21003051
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.