144 Howard Newby Ln, Springtown, TX, 76082 | 6.26% Rental Yield

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144 Howard Newby Ln, Springtown, TX, 76082 | 6.26% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Springtown at 144 Howard Newby Ln, Springtown, TX, 76082 priced at $436,900 pairs $2,280/mo rent with after a $2,138/mo payment. Total monthly income equals $2,280/mo. Return on cash invested is 13.06% in year one, and rental yield stands at 6.26% on a $436,900 basis. Equity gained on principal adds $2,819/yr, and 5% annual appreciation accumulates to $120,707 by year five. Five-year ROI measures 67.33% and total cumulative return in cash reaches $97,521. For financing, Ziffy Mortgage’s DSCR program evaluates $2,280/mo property income against a $2,138/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2002

1.73 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautifully crafted, custom home located on a quiet cul de sac in the family friendly Heritage Oaks subdivision. Nestled among mature oak trees and sitting on 1.73 acres, this beautiful home offers peace, privacy and plenty of charm. Featuring a classic brick and stone exterior, this three bedroom, two bath home includes two spacious living areas, a wood burning fireplace, tray ceilings and crown molding. The large kitchen overlooks the serene backyard with pipe fencing and features custom cabinets, corian counters and a nice size breakfast area. The spacious primary suite has beautiful laminate flooring and room for a desk or sitting area. The ensuite bath features dual sinks, a jetted tub, separate shower and double walk-in closets. Two nice size secondary bedrooms and guest bath complete this home. Outside you'll find mature oak trees, pipe fencing, landscaping, a large storage building with electricity, RV hook up, an in-ground tornado shelter and an extended driveway for extra parking. Unlike most new construction homes, this property offers more land, fencing, established trees and essential upgrades already in place - saving you time and money. Don't miss the opportunity to own this peaceful retreat with all the comforts of small town living. Close to schools and an easy commute to Azle - 15 minutes, Weatherford - 22 minutes and Fort Worth 40 minutes. If you feel like a little day trip to Winstar you're only a little over an hour away.

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