2121 Elm PlNorthlakeTX76247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2121 Elm Pl, Northlake, TX, 76247 priced at $539,364 pairs $5,357/mo rent with $1,521/mo cash flow after a $2,640/mo payment. Total monthly income equals $5,357/mo, and annual cash flow comes to $18,257/yr on $177,451 invested. Return on cash invested is 30.35% in year one, and rental yield stands at 11.92% on a $539,364 basis. Equity gained on principal adds $3,480/yr, and 5% annual appreciation accumulates to $149,016 by year five. Five-year ROI measures 160.02% and total cumulative return in cash reaches $283,950. For financing, Ziffy Mortgage’s DSCR program evaluates $5,357/mo property income against a $2,640/mo payment instead of your W2s, 1099s, or Tax returns.
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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