4612 Shady Lake DrNorth Richland HillsTX76180
Nearby investment properties with comparable rents
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 North Richland Hills at 4612 Shady Lake Dr, North Richland Hills, TX, 76180 priced at $387,500 converts $3,390/mo rent into $608/mo cash flow after a $1,897/mo obligation. Total monthly income equals $3,390/mo, and annual cash flow totals $7,295/yr on $128,456 invested. Return on cash invested prints 25.59% in year one, and rental yield reads 10.5% against a $387,500 entry. Equity gained on principal adds $2,500/yr, while 5% annual appreciation compiles into $107,059 by year five. Five-year ROI reaches 134.59% and total cumulative return in cash sums $172,887. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,390/mo property income covering a $1,897/mo payment, not borrower’s personal income.
Single Family
Built in 1978
10,759 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76180, North Richland Hills, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,061 (100%) |
| Owner Occupied HU | 8,037 (44.5%) |
| Renter Occupied HU | 8,782 (48.6%) |
| Vacant Housing Units | 1,242 ( 6.9%) |
| Median Home Value | $344,927 |
| Average Home Value | $380,786 |
Housing Distribution
Address Breakdown
Residential
17,028
Single Family
10,367
Multi-Family
6,661
Businesses
1,091
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danielle Epp • Aspire Investments LLC
Mls Name: NTREIS
Mls ID: #20788979
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.