2208 Pika RdNorthlakeTX76247
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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
Investment property for sale in Northlake at 2208 Pika Rd, Northlake, TX, 76247 listed at $675,990 pairs $3,088/mo rent with a $3,309/mo payment. Total monthly income runs $3,088/mo. Return on cash invested measures 9.77% in year one, and rental yield registers 5.48% at a $675,990 basis. Equity gained on principal adds $4,362/yr, and annual property appreciation at 5% supports $186,764 by year five. Five-year ROI tracks 50.02% and total cumulative return in cash totals $111,253. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,088/mo property income relative to a $3,309/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
9,147 sqft lot
$N/A/sqft
$1,130 semi-annually 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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Listed by: Jimmy Rado • David M. Weekley
Mls Name: NTREIS
Mls ID: #20873748
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.