712 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
Rental property for sale in Lewisville at 712 Ridgecrest Dr, Lewisville, TX, 75067 offers $2,334/mo rent that, after a $1,223/mo payment, leaves $557/mo cash flow. Total monthly income is $2,334/mo, and annual cash flow is $6,685/yr on $82,842 cash. Return on cash invested measures 27.98% in year one, and rental yield stands at 11.21% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 147.38% and total cumulative return in cash reaches $122,090. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,334/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
714.38 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: #21153110