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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 1413 Horizon Way, Northlake, TX, 76247 offers a 9.71% rental yield on a $400,000 purchase with $3,238/mo rent. Total monthly income registers $3,238/mo, and a $1,958/mo payment leaves $133/mo available for distribution. Annual cash flow reaches $1,600/yr on $132,600 to close, and return on cash invested stands at 21.12% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 111.4% and total cumulative return in cash at $147,712. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,238/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
5,052 sqft lot
$N/A/sqft
$1,560 semi-annually HOA
Neighborhood data shown for ZIP Code: 76247, Justin, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,121 (100%) |
| Owner Occupied HU | 9,700 (80.0%) |
| Renter Occupied HU | 1,582 (13.1%) |
| Vacant Housing Units | 839 ( 6.9%) |
| Median Home Value | $438,515 |
| Average Home Value | $491,845 |
Residential
10,759
Single Family
10,453
Multi-Family
306
Businesses
404
Date | Event | Price |
|---|---|---|
| 2025-07-04 | Listed for sale | $400,000 |
| 2025-06-19 | Listing removed | $415,000 |
| 2025-05-15 | Listed for sale | $415,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-05 | $4480.33 | 410.25% | $181,701 | 242.47% |
| 2023-07-05 | $878.06 | N/A | $53,056 | N/A |
Listed by: Cecily Verloop • Ebby Halliday, REALTORS
Mls Name: NTREIS
Mls ID: #20988100
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.
