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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 2333 Elm Pl, Northlake, TX, 76247 offers $5,431/mo rent that, after a $2,203/mo payment, leaves $1,906/mo cash flow. Total monthly income is $5,431/mo, and annual cash flow is $22,876/yr on $149,175 cash. Return on cash invested measures 35.24% in year one, and rental yield stands at 14.48% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Five-year ROI records 187.24% and total cumulative return in cash reaches $279,318. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,431/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
4,399 sqft lot
$N/A/sqft
$230 monthly HOA
Neighborhood data shown for ZIP Code: 76247, Justin, TX area.
| 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 |
Residential
10,759
Single Family
10,453
Multi-Family
306
Businesses
404
Date | Event | Price |
|---|---|---|
| 2024-08-05 | Listing removed | N/A |
| 2024-07-25 | Price change | $450,000 |
| 2024-07-06 | Listed for sale | $465,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $8600.38 | -6.45% | $422,950 | 10.00% |
| 2022-08-15 | $9193.58 | 936.49% | $384,500 | 399.40% |
| 2021-08-15 | $886.99 | N/A | $76,992 | N/A |
Listed by: Austin Aune • KELLER WILLIAMS REALTY
Mls Name: NTREIS
Mls ID: #20614123
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.
