6821 Megan LnNorth 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 6821 Megan Ln, North Richland Hills, TX, 76182 generates $4,844/mo in rent and, after a $1,948/mo payment, leaves $2,014/mo in cash flow. Total monthly income is $4,844/mo, and annual cash flow is $24,165/yr on $131,937 invested. Return on cash invested sits at 38.22% in year one, and rental yield is 14.61% on a $398,000 entry. Equity gained on principal adds $2,568/yr, while 5% annual appreciation builds toward $109,960 over five years. Five-year ROI reaches 202.28% and total cumulative return in cash sums $266,880. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,844/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
9,060 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: Kay Lopez • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #20617816
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.