2357 Norma LnNorthlakeTX76247
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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 2357 Norma Ln, Northlake, TX, 76247 priced at $423,900 converts $2,785/mo rent into after a $2,075/mo obligation. Total monthly income equals $2,785/mo. Return on cash invested prints 15.3% in year one, and rental yield reads 7.88% against a $423,900 entry. Equity gained on principal adds $2,735/yr, while 5% annual appreciation compiles into $117,116 by year five. Five-year ROI reaches 80.31% and total cumulative return in cash sums $112,855. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,785/mo property income covering a $2,075/mo payment, not borrower’s personal income.
Single Family
Built in 2022
4,530 sqft lot
$N/A/sqft
$2,640 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: Nina Boyd • Ebby Halliday, REALTORS
Mls Name: NTREIS
Mls ID: #20874962
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.