3305 Meridian DrNorthlakeTX76226
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Nearby investment properties with comparable prices
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 3305 Meridian Dr, Northlake, TX, 76226 offers $4,619/mo rent that, after a $3,769/mo payment. Total monthly income is $4,619/mo. Return on cash invested measures 14.33% in year one, and rental yield stands at 7.2% at a $770,000 entry. Equity gained on principal adds $4,969/yr while 5% annual appreciation compounds into $212,737 by year five. Five-year ROI records 74.72% and total cumulative return in cash reaches $189,297. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,619/mo property income versus a $3,769/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
8,929 sqft lot
$N/A/sqft
$727 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76226, Argyle, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,414 (100%) |
| Owner Occupied HU | 15,448 (88.7%) |
| Renter Occupied HU | 1,291 ( 7.4%) |
| Vacant Housing Units | 675 ( 3.9%) |
| Median Home Value | $615,556 |
| Average Home Value | $679,325 |
Housing Distribution
Address Breakdown
Residential
16,345
Single Family
16,345
Multi-Family
0
Businesses
916
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Listed by: Rosie Suarez • RE/MAX Innovations
Mls Name: NTREIS
Mls ID: #20905579
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.