2441 Mockingbird CtNorthlakeTX76247
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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 2441 Mockingbird Ct, Northlake, TX, 76247 uses $157,413 cash to close to unlock $4,637/yr annual cash flow and $386/mo monthly cash flow. Total monthly income runs $3,763/mo, and a $2,324/mo payment keeps the spread at $386/mo. Purchase price stands at $474,850, and rental yield measures 9.51% with $3,763/mo rent. Return on cash invested shows 22.85% in year one, and 5% annual appreciation builds toward $131,192 over five years. Five-year ROI reaches 119.86% and total cumulative return in cash records $188,672. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,763/mo property income covering a $2,324/mo payment rather than investor’s personal income.
Single Family
Built in 2019
5,837 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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