6911 Chestnut Ridge DrArgyleTX76226
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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 Argyle at 6911 Chestnut Ridge Dr, Argyle, TX, 76226 priced at $1,999,990 converts $6,109/mo rent into after a $9,789/mo obligation. Total monthly income equals $6,109/mo. Return on cash invested prints 5.35% in year one, and rental yield reads 3.67% against a $1,999,990 entry. Equity gained on principal adds $12,906/yr, while 5% annual appreciation compiles into $552,560 by year five. Five-year ROI reaches 25.88% and total cumulative return in cash sums $167,704. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,109/mo property income covering a $9,789/mo payment, not borrower’s personal income.
Single Family
Built in 2018
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76226, Argyle, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,414 (100%) |
| Owner Occupied HU | 15,448 (88.7%) |
| Renter Occupied HU | 1,291 ( 7.4%) |
| Vacant Housing Units | 675 ( 3.9%) |
| Median Home Value | $615,556 |
| Average Home Value | $679,325 |
Housing Distribution
Address Breakdown
Residential
16,345
Single Family
16,345
Multi-Family
0
Businesses
916
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Listed by: Brandy Preuit • The Platinum Group Real Estate
Mls Name: NTREIS
Mls ID: #20924369
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.