703 Artesian DrArgyleTX76226
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 Argyle at 703 Artesian Dr, Argyle, TX, 76226 priced at $459,000 converts $3,791/mo rent into $60/mo cash flow after a $2,247/mo obligation. Total monthly income equals $3,791/mo, and annual cash flow totals $722/yr on $152,159 invested. Return on cash invested prints 20.38% in year one, and rental yield reads 9.91% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 107.95% and total cumulative return in cash sums $164,255. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,791/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 2021
4,181 sqft lot
$N/A/sqft
$1,750 annually 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: Brandon Shearin • Southern Hills Realty
Mls Name: NTREIS
Mls ID: #21016480
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.