2229 Robin WayNorthlakeTX76247
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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 2229 Robin Way, Northlake, TX, 76247 generates $2,855/mo in rent, after a $2,227/mo payment. Total monthly income is $2,855/mo. Return on cash invested sits at 16.88% in year one, and rental yield is 7.53% on a $455,000 entry. Equity gained on principal adds $2,936/yr, while 5% annual appreciation builds toward $125,708 over five years. Five-year ROI reaches 87.82% and total cumulative return in cash sums $132,460. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,855/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
5,880 sqft 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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