209 Shetland LnNorthlakeTX76247
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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
Investment Highlights
Rental property for sale in Northlake at 209 Shetland Ln, Northlake, TX, 76247 priced at $806,927 converts $3,088/mo rent into after a $3,950/mo obligation. Total monthly income equals $3,088/mo. Return on cash invested prints 8.08% in year one, and rental yield reads 4.59% against a $806,927 entry. Equity gained on principal adds $5,207/yr, while 5% annual appreciation compiles into $222,939 by year five. Five-year ROI reaches 40.6% and total cumulative return in cash sums $107,782. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,088/mo property income covering a $3,950/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76247, Justin, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,759
Single Family
10,453
Multi-Family
306
Businesses
404
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