6805 Starnes RdNorth Richland HillsTX76182
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 6805 Starnes Rd, North Richland Hills, TX, 76182 generates $2,990/mo in rent and, after a $1,786/mo payment, leaves $395/mo in cash flow. Total monthly income is $2,990/mo, and annual cash flow is $4,739/yr on $120,998 invested. Return on cash invested sits at 23.83% in year one, and rental yield is 9.83% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 125.05% and total cumulative return in cash sums $151,303. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,990/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
9,975 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paul Stevens • Orchard Brokerage
Mls Name: NTREIS
Mls ID: #21133175