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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% |
Rental property for sale in Northlake at 1704 Cole Ln, Northlake, TX, 76226 priced at $399,900 converts $4,578/mo rent into $1,568/mo cash flow after a $1,957/mo obligation. Total monthly income equals $4,578/mo, and annual cash flow totals $18,815/yr on $132,567 invested. Return on cash invested prints 34.1% in year one, and rental yield reads 13.74% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 180.69% and total cumulative return in cash sums $239,540. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,578/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 2015
5,749 sqft lot
$N/A/sqft
$1,000 semi-annually 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 |
|---|---|---|
| 2024-08-05 | Listed for sale | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $5855.63 | -21.75% | $332,795 | 10.00% |
| 2022-08-15 | $7482.93 | 4.11% | $302,541 | 10.00% |
| 2021-08-15 | $7187.85 | 2.61% | $275,037 | 4.45% |
Listed by: Julie Mendoza • RE/MAX FIRST REALTY
Mls Name: NTREIS
Mls ID: #20693772
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.
