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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Cresson at 8024 Scenic Ridge Ct, Cresson, TX, 76035 priced at $110,000 converts $2,455/mo rent into $1,673/mo cash flow after a $538/mo obligation. Total monthly income equals $2,455/mo, and annual cash flow totals $20,078/yr on $36,465 invested. Return on cash invested prints 74.97% in year one, and rental yield reads 26.78% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 399.44% and total cumulative return in cash sums $145,656. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,455/mo property income covering a $538/mo payment, not borrower’s personal income.
Manufactured
Built in 1985
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76035, Cresson, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,204 (100%) |
| Owner Occupied HU | 812 (67.4%) |
| Renter Occupied HU | 266 (22.1%) |
| Vacant Housing Units | 126 (10.5%) |
| Median Home Value | $460,902 |
| Average Home Value | $528,048 |
Residential
1,006
Single Family
1,005
Multi-Family
1
Businesses
150
Date | Event | Price |
|---|---|---|
| 2024-08-21 | Listed for sale | $110,000 |
| 2009-06-23 | Listing removed | $30,400 |
| 2009-05-03 | Price change | $30,400 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $915.17 | 14.35% | $75,210 | 25.06% |
| 2022-08-30 | $800.30 | -20.58% | $60,140 | -9.93% |
| 2021-08-30 | $1007.65 | 67.83% | $66,770 | 70.72% |
Listed by: Cameron Love • Texcel Real Estate, LLC
Mls Name: NTREIS
Mls ID: #20707900
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.
