6940 Fairfield 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
Investment property for sale in North Richland Hills at 6940 Fairfield Ln, North Richland Hills, TX, 76182 uses $174,367 cash to close to unlock $26,702/yr annual cash flow and $2,225/mo monthly cash flow. Total monthly income runs $6,114/mo, and a $2,594/mo payment keeps the spread at $2,225/mo. Purchase price stands at $529,990, and rental yield measures 13.84% with $6,114/mo rent. Return on cash invested shows 35.37% in year one, and 5% annual appreciation builds toward $146,426 over five years. Five-year ROI reaches 187.28% and total cumulative return in cash records $326,547. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,114/mo property income covering a $2,594/mo payment rather than investor’s personal income.
Single Family
Built in 2017
4,617 sqft lot
$N/A/sqft
$360 quarterly 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: Greg Potts • Compass RE Texas , LLC
Mls Name: NTREIS
Mls ID: #20680041
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.