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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% |
Investment property for sale in Northlake at 1216 3rd St, Northlake, TX, 76226 earns $2,647/mo cash flow from $7,818/mo rent with a $3,181/mo payment. Total monthly income totals $7,818/mo, and annual cash flow totals $31,763/yr on $213,817 capital. ROI tracks 34.92% on current figures, and rental yield reads 14.44% at a $649,900 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,555 over five years. Five-year ROI reaches 185.61% and total cumulative return in cash sums $396,870. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,818/mo property income instead of your personal income.
Single Family
Built in 2016
6,141 sqft lot
$N/A/sqft
$1,035 semi-annually HOA
Neighborhood data shown for ZIP Code: 76226, Argyle, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,414 (100%) |
| Owner Occupied HU | 15,448 (88.7%) |
| Renter Occupied HU | 1,291 ( 7.4%) |
| Vacant Housing Units | 675 ( 3.9%) |
| Median Home Value | $615,556 |
| Average Home Value | $679,325 |
Residential
16,345
Single Family
16,345
Multi-Family
0
Businesses
916
Date | Event | Price |
|---|---|---|
| 2024-08-01 | Price change | $649,900 |
| 2024-07-11 | Listed for sale | $669,900 |
| 2024-06-27 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $15309.81 | -0.96% | $692,135 | 23.96% |
| 2022-08-15 | $15457.91 | 24.32% | $558,355 | 24.06% |
| 2021-08-15 | $12434.14 | 5.09% | $450,067 | 6.03% |
Listed by: Charles Brown • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #20667854
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.
