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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 Southlake at 156 Jellico Cir, Southlake, TX, 76092 listed at $1,490,000 pairs $7,740/mo rent with a $7,293/mo payment. Total monthly income runs $7,740/mo. Return on cash invested measures 13.27% in year one, and rental yield registers 6.23% at a $1,490,000 basis. Equity gained on principal adds $9,615/yr, and annual property appreciation at 5% supports $411,660 by year five. Five-year ROI tracks 68.39% and total cumulative return in cash totals $330,160. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,740/mo property income relative to a $7,293/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
2.35 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76092, Southlake, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,160 (100%) |
| Owner Occupied HU | 9,321 (91.7%) |
| Renter Occupied HU | 652 ( 6.4%) |
| Vacant Housing Units | 187 ( 1.8%) |
| Median Home Value | $829,989 |
| Average Home Value | $956,145 |
Residential
10,137
Single Family
9,918
Multi-Family
219
Businesses
2,742
Date | Event | Price |
|---|---|---|
| 2024-08-13 | Listed for sale | $1,490,000 |
| 2024-08-06 | Pending sale | $1,490,000 |
| 2024-07-24 | Contingent | $1,490,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-23 | $10778.43 | -2.19% | $1,039,682 | 7.95% |
| 2022-10-23 | $11019.55 | 1.51% | $963,129 | 31.86% |
| 2021-10-23 | $10855.63 | 1.26% | $730,393 | -0.30% |
Listed by: Angela Dick • PARAGON, REALTORS
Mls Name: NTREIS
Mls ID: #20666013
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.
