Springsteen Plan, The Ridge at Knob CreekTempleTX76501
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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 Temple at Springsteen Plan, The Ridge at Knob Creek, Temple, TX, 76501 priced at $299,990 converts $2,339/mo rent into $206/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,339/mo, and annual cash flow totals $2,472/yr on $99,447 invested. Return on cash invested prints 22.39% in year one, and rental yield reads 9.36% against a $299,990 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,882 by year five. Five-year ROI reaches 117.43% and total cumulative return in cash sums $116,781. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,339/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76501, Temple, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,880 (100%) |
| Owner Occupied HU | 4,286 (54.4%) |
| Renter Occupied HU | 2,877 (36.5%) |
| Vacant Housing Units | 717 ( 9.1%) |
| Median Home Value | $232,289 |
| Average Home Value | $269,705 |
Housing Distribution
Address Breakdown
Residential
7,369
Single Family
6,892
Multi-Family
477
Businesses
585
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