1413 Cardinal CtPelican BayTX76020
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
Investment property for sale in Pelican Bay at 1413 Cardinal Ct, Pelican Bay, TX, 76020 earns $576/mo cash flow from $2,154/mo rent with a $1,086/mo payment. Total monthly income totals $2,154/mo, and annual cash flow totals $6,913/yr on $73,560 capital. ROI tracks 29.31% on current figures, and rental yield reads 11.65% at a $221,900 purchase. Equity gained on principal adds $1,432/yr, and 5% annual appreciation supports $61,307 over five years. Five-year ROI reaches 154.5% and total cumulative return in cash sums $113,648. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,154/mo property income instead of your personal income.
Manufactured
Built in 2025
8,446 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76020, Azle, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,879 (100%) |
| Owner Occupied HU | 10,695 (71.9%) |
| Renter Occupied HU | 3,057 (20.5%) |
| Vacant Housing Units | 1,127 ( 7.6%) |
| Median Home Value | $389,632 |
| Average Home Value | $421,923 |
Housing Distribution
Address Breakdown
Residential
14,293
Single Family
13,691
Multi-Family
602
Businesses
598
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: D. Mark McPherson • Major League Realty, Inc.
Mls Name: NTREIS
Mls ID: #21032715