Risinger Ridge Development
For Sale
Contact for pricing
Pending
860 Risinger Rd, Ferris, TX 75125
357-site manufactured housing development opportunity in the Dallas-Fort Worth area.
Property SizeContact for details
Days on Market176
Property Features for 860 Risinger Rd
General Information
Standard status
Pending
Property subtype
Land, Mobile Home Park
Building Details
Units
357
Listing Agency:
Sunstone Real Estate Advisors
Listed By:
Kolman Bubis · License #471.001148
Source:
Crexi
Added: Mar 10
Changed: Aug 24
Last Checked: Aug 29 at 9:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sunstone Real Estate Advisors
Investment Insights
Based on property information with market context.
Risinger Ridge MHC presents a development opportunity for a 357-site manufactured housing community located within the Dallas–Fort Worth–Arlington MSA. The community has full approval for 357 home sites. Entitlements are in place for city water service and an onsite wastewater treatment plant. The underwriting assumes a phased absorption schedule beginning in Year 1, expanding to stabilization at 339 occupied sites, which is 95% occupancy, by Year 5. Average lot rents are projected to grow from $700 per month in Year 1 to $1,025 per month by Year 5, reflecting structured annual increases aligned with DFW market fundamentals. Total revenue is projected to increase from $802,368 in Year 1 to $4,148,852 by Year 5, driven by occupancy gains and programmed rent growth. Net Operating Income expands materially from approximately $251,243 in Year 1 to $3,097,847 in Year 5, as operating leverage is realized across the expanding occupied base. Expense ratios improve from approximately 69% in Year 1 to 25% by Year 5, demonstrating the scalability of the operating model. Risinger Ridge offers investors a structured path from development phase to stabilized, institutional-scale cash flow within a high-growth Sunbelt metro.
Key Highlights
- Fully approved for 357 home sites within the Dallas–Fort Worth–Arlington MSA.
- Entitlements in place for city water service and an onsite wastewater treatment plant.
- Projected Net Operating Income expands to $3,097,847 by Year 5.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 75125, TX
7,545
Population
2,341
Households
3.2
Avg Household Size
35
Median Age
13%
College-Educated
69%
High-School Grad
75.2 sq mi
ZIP Area
100
Density / Sq Mi
$73,929
Median Household Income
$35,954
Median Earnings
$1,089
Median Rent
$198,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 357-site manufactured housing development opportunity in the Dallas-Fort Worth area.
Where is this mobile home & rv park located?
The property is located at 860 Risinger Rd Ferris, TX.
What is the asking price?
The asking price for this property is $8,568,000.
What are key features of this property?
This property features: Fully approved for **357 home sites** within the Dallas–Fort Worth–Arlington MSA.; Entitlements in place for city water service and an onsite wastewater treatment plant.; Projected Net Operating Income expands to $3,097,847 by Year 5.
