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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Newark at 119 Drover Ridge Dr, Newark, TX, 76071 offers $2,876/mo rent that, after a $1,542/mo payment, leaves $599/mo cash flow. Total monthly income is $2,876/mo, and annual cash flow is $7,189/yr on $104,423 cash. Return on cash invested measures 26.79% in year one, and rental yield stands at 10.96% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 141.17% and total cumulative return in cash reaches $147,413. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,876/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
7,579 sqft lot
$N/A/sqft
$110 quarterly HOA
Neighborhood data shown for ZIP Code: 76071, Newark, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,774 (100%) |
| Owner Occupied HU | 2,305 (83.1%) |
| Renter Occupied HU | 310 (11.2%) |
| Vacant Housing Units | 159 ( 5.7%) |
| Median Home Value | $314,831 |
| Average Home Value | $314,008 |
Residential
1,845
Single Family
1,818
Multi-Family
27
Businesses
108
Date | Event | Price |
|---|---|---|
| 2025-09-11 | Listed for sale | $315,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-11 | $726.28 | 3.04% | $351,867 | 10.00% |
| 2023-09-11 | $704.84 | N/A | $319,879 | 10.00% |
| 2022-09-11 | N/A | N/A | $290,799 | 3.55% |
Listed by: Autumn Taylor • RE/MAX Trinity
Mls Name: NTREIS
Mls ID: #21054220
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
