6701 Mike DrNorth Richland HillsTX76180
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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
Investment property for sale in North Richland Hills at 6701 Mike Dr, North Richland Hills, TX, 76180 uses $109,561 cash to close to unlock $18,461/yr annual cash flow and $1,538/mo monthly cash flow. Total monthly income runs $3,889/mo, and a $1,618/mo payment keeps the spread at $1,538/mo. Purchase price stands at $330,500, and rental yield measures 14.12% with $3,889/mo rent. Return on cash invested shows 36.76% in year one, and 5% annual appreciation builds toward $91,311 over five years. Five-year ROI reaches 194.43% and total cumulative return in cash records $213,024. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,889/mo property income covering a $1,618/mo payment rather than investor’s personal income.
Single Family
Built in 1955
10,149 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
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Listed by: ZACHARY LINDSEY • House Brokerage
Mls Name: NTREIS
Mls ID: #20660329
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.