5240 Springlake PkwyHaltom CityTX76117
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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 Haltom City at 5240 Springlake Pkwy, Haltom City, TX, 76117 priced at $250,990 converts $2,299/mo rent into $265/mo cash flow after a $1,228/mo obligation. Total monthly income equals $2,299/mo, and annual cash flow totals $3,176/yr on $83,203 invested. Return on cash invested prints 23.73% in year one, and rental yield reads 10.99% against a $250,990 entry. Equity gained on principal adds $1,620/yr, while 5% annual appreciation compiles into $69,344 by year five. Five-year ROI reaches 125.83% and total cumulative return in cash sums $104,697. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,299/mo property income covering a $1,228/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
1,542 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76117, Haltom City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,617 (100%) |
| Owner Occupied HU | 6,697 (49.2%) |
| Renter Occupied HU | 6,211 (45.6%) |
| Vacant Housing Units | 709 ( 5.2%) |
| Median Home Value | $242,487 |
| Average Home Value | $286,749 |
Housing Distribution
Address Breakdown
Residential
11,766
Single Family
9,778
Multi-Family
1,988
Businesses
1,479
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Listed by: Carole Campbell • Colleen Frost Real Estate Serv
Mls Name: NTREIS
Mls ID: #20752184
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.