313 Concho River DrGlenn HeightsTX75154
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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 Glenn Heights at 313 Concho River Dr, Glenn Heights, TX, 75154 offers $3,194/mo rent that, after a $1,689/mo payment, leaves $740/mo cash flow. Total monthly income is $3,194/mo, and annual cash flow is $8,883/yr on $114,368 cash. Return on cash invested measures 27.68% in year one, and rental yield stands at 11.11% at a $345,000 entry. Equity gained on principal adds $2,226/yr while 5% annual appreciation compounds into $95,317 by year five. Five-year ROI records 145.72% and total cumulative return in cash reaches $166,660. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,194/mo property income versus a $1,689/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
9,199 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75154, Red Oak, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,844 (100%) |
| Owner Occupied HU | 14,515 (77.0%) |
| Renter Occupied HU | 3,735 (19.8%) |
| Vacant Housing Units | 594 ( 3.2%) |
| Median Home Value | $347,833 |
| Average Home Value | $386,647 |
Housing Distribution
Address Breakdown
Residential
18,969
Single Family
17,381
Multi-Family
1,588
Businesses
1,012
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Listed by: Chinenye Kalu • JPAR Arlington
Mls Name: NTREIS
Mls ID: #21016433