999 Oak Ridge DrOre CityTX75683
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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 Ore City at 999 Oak Ridge Dr, Ore City, TX, 75683 uses $34,774 cash to close to unlock $1,062/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $834/mo, and a $513/mo payment keeps the spread at $88/mo. Purchase price stands at $104,900, and rental yield measures 9.54% with $834/mo rent. Return on cash invested shows 22.96% in year one, and 5% annual appreciation builds toward $28,982 over five years. Five-year ROI reaches 120.49% and total cumulative return in cash records $41,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $834/mo property income covering a $513/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75683, Ore City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,858 (100%) |
| Owner Occupied HU | 1,209 (65.1%) |
| Renter Occupied HU | 374 (20.1%) |
| Vacant Housing Units | 275 (14.8%) |
| Median Home Value | $116,435 |
| Average Home Value | $166,239 |
Housing Distribution
Address Breakdown
Residential
1,447
Single Family
1,447
Multi-Family
0
Businesses
93
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