Risinger Ridge Development
860 Risinger Rd, Ferris, TX 75125
357-site manufactured housing development opportunity in the Dallas-Fort Worth area.
Type:Land, Mobile Home Park
- Added:
- Mar 10, 2026
- Days on Market:
- 85
- Last Refresh:
- Mar 19 at 10:06 pm
Property Features for 860 Risinger Rd
General Information
- Standard status
- Active
- Property subtype
- Land, Mobile Home Park
Listing agent Kolman Bubis License #IL 475173212
Listing office Sunstone Real Estate Advisors
Listing date Mar 10, 2026
Source Crexi
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
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.
- Projected average lot rents to grow from $700 to $1,025 per month by Year 5.
- Opportunity to develop scale in a supply‑constrained manufactured housing market.
- Structured path from development to stabilized cash flow within a high‑growth Sunbelt metro.
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Location Insight
- Map
- Local Demand
- City
- Ferris
- County
- Ellis
- State
- Texas
- Longitude
- -96.681779
- Latitude
- 32.476503
Nearby Similar for Sale
FAQs
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.
