6740 Old Mill CtNorth Richland HillsTX76182
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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 North Richland Hills at 6740 Old Mill Ct, North Richland Hills, TX, 76182 generates $2,682/mo in rent, after a $2,178/mo payment. Total monthly income is $2,682/mo. Return on cash invested sits at 15.98% in year one, and rental yield is 7.23% on a $445,000 entry. Equity gained on principal adds $2,872/yr, while 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 83.02% and total cumulative return in cash sums $122,468. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,682/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
9,321 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76182, North Richland Hills, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,030 (100%) |
| Owner Occupied HU | 9,619 (80.0%) |
| Renter Occupied HU | 2,184 (18.2%) |
| Vacant Housing Units | 227 ( 1.9%) |
| Median Home Value | $418,554 |
| Average Home Value | $457,174 |
Housing Distribution
Address Breakdown
Residential
12,303
Single Family
11,545
Multi-Family
758
Businesses
985
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Listed by: Sawsan Shmais • JPAR North Metro
Mls Name: NTREIS
Mls ID: #21031702