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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 2808 Jack Rabbit Way, Northlake, TX, 76247 priced at $705,000 converts $7,274/mo rent into $2,072/mo cash flow after a $3,451/mo obligation. Total monthly income equals $7,274/mo, and annual cash flow totals $24,863/yr on $231,945 invested. Return on cash invested prints 30.78% in year one, and rental yield reads 12.38% against a $705,000 entry. Equity gained on principal adds $4,549/yr, while 5% annual appreciation compiles into $194,779 by year five. Five-year ROI reaches 162.67% and total cumulative return in cash sums $377,305. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,274/mo property income covering a $3,451/mo payment, not borrower’s personal income.
Single Family
Built in 2024
7,100 sqft lot
$N/A/sqft
$1,130 semi-annually 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 |
|---|---|---|
| 2024-07-29 | Price change | $705,000 |
| 2024-07-02 | Price change | $774,000 |
| 2024-06-25 | Listed for sale | $799,625 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $1904.28 | 46.68% | $115,064 | 66.67% |
| 2022-08-15 | $1298.24 | 264.49% | $69,038 | 20.00% |
| 2021-08-15 | $356.18 | N/A | $57,532 | N/A |
Listed by: William Nelson • Your Home Free LLC
Mls Name: NTREIS
Mls ID: #20656731
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.
