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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 Irving at 2406 Northlake Ct, Irving, TX, 75038 priced at $215,000 converts $1,902/mo rent into after a $1,052/mo obligation. Total monthly income equals $1,902/mo. Return on cash invested prints 18.64% in year one, and rental yield reads 10.62% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 100.01% and total cumulative return in cash sums $71,281. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,902/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1983
2,439 sqft lot
$N/A/sqft
$449 monthly HOA
Neighborhood data shown for ZIP Code: 75038, Irving, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,170 (100%) |
| Owner Occupied HU | 2,599 (16.1%) |
| Renter Occupied HU | 12,462 (77.1%) |
| Vacant Housing Units | 1,109 ( 6.9%) |
| Median Home Value | $449,637 |
| Average Home Value | $569,322 |
Residential
14,593
Single Family
3,392
Multi-Family
11,201
Businesses
1,109
Date | Event | Price |
|---|---|---|
| 2024-09-25 | Price change | $215,000 |
| 2024-09-05 | Listed for sale | $225,000 |
| 2020-02-24 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $2171.88 | -1.07% | $193,540 | N/A |
| 2023-12-27 | $2195.40 | 5.68% | $193,540 | 8.89% |
| 2022-12-27 | $2077.34 | 19.12% | $177,740 | 23.38% |
Listed by: Jason Mathias • Coldwell Banker Realty Frisco
Mls Name: NTREIS
Mls ID: #20712175
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.
