860 Risinger Rd Ferris, TX 75125

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.