2341 Cobbler StNorthlakeTX76247
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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 2341 Cobbler St, Northlake, TX, 76247 uses $167,697 cash to close to unlock $3,198/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $4,108/mo, and a $2,495/mo payment keeps the spread at $266/mo. Purchase price stands at $509,717, and rental yield measures 9.67% with $4,108/mo rent. Return on cash invested shows 21.97% in year one, and 5% annual appreciation builds toward $140,825 over five years. Five-year ROI reaches 115.64% and total cumulative return in cash records $193,931. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,108/mo property income covering a $2,495/mo payment rather than investor’s personal income.
Single Family
Built in 2022
4,573 sqft lot
$N/A/sqft
$2,600 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: Wendy Hulkowich • RE/MAX DFW Associates
Mls Name: NTREIS
Mls ID: #20870813
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.