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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 Argyle at 1530 Terrace Dr, Argyle, TX, 76226 offers a 10.83% rental yield on a $585,000 purchase with $5,282/mo rent. Total monthly income registers $5,282/mo, and a $2,863/mo payment leaves $994/mo available for distribution. Annual cash flow reaches $11,931/yr on $192,465 to close, and return on cash invested stands at 26.26% in year one. Equity gained on principal adds $3,775/yr while 5% annual appreciation supports $161,625 over five years. Portfolio math shows five-year ROI at 138.38% and total cumulative return in cash at $266,334. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,282/mo property income against a $2,863/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
10,846 sqft lot
$N/A/sqft
$128 monthly 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 |
|---|---|---|
| 2024-08-09 | Listed for sale | $585,000 |
| 2024-06-05 | Listing removed | N/A |
| 2024-05-17 | Price change | $599,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $6105.88 | -34.76% | $524,846 | 10.00% |
| 2022-08-15 | $9359.13 | 1.09% | $477,133 | 10.00% |
| 2021-08-15 | $9258.01 | 1.06% | $433,757 | 7.26% |
Listed by: Yvonne Callahan • ERA Myers & Myers Realty
Mls Name: NTREIS
Mls ID: #20689826
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.
