128 Howard Newby LnSpringtownTX76082
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Springtown at 128 Howard Newby Ln, Springtown, TX, 76082 generates $3,508/mo in rent, after a $2,922/mo payment. Total monthly income is $3,508/mo. Return on cash invested sits at 15.56% in year one, and rental yield is 7.05% on a $597,000 entry. Equity gained on principal adds $3,852/yr, while 5% annual appreciation builds toward $164,940 over five years. Five-year ROI reaches 80.69% and total cumulative return in cash sums $158,478. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,508/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76082, Springtown, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,102 (100%) |
| Owner Occupied HU | 7,143 (78.5%) |
| Renter Occupied HU | 1,423 (15.6%) |
| Vacant Housing Units | 536 ( 5.9%) |
| Median Home Value | $347,703 |
| Average Home Value | $447,119 |
Housing Distribution
Address Breakdown
Residential
9,245
Single Family
9,186
Multi-Family
59
Businesses
598
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Deborah Cottongame • Weichert REALTORS, Team Realty
Mls Name: NTREIS
Mls ID: #20651606
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.