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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in North Richland Hills at 7041 Payte Ln, North Richland Hills, TX, 76182 priced at $365,000 converts $2,552/mo rent into after a $1,786/mo obligation. Total monthly income equals $2,552/mo. Return on cash invested prints 19.48% in year one, and rental yield reads 8.39% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 101.74% and total cumulative return in cash sums $123,103. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,552/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76182, North Richland Hills, TX area.
| 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 |
Residential
12,303
Single Family
11,545
Multi-Family
758
Businesses
985
Date | Event | Price |
|---|---|---|
| 2025-05-15 | Listed for sale | $365,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-15 | $4758.73 | -16.42% | $219,299 | -15.50% |
| 2023-05-15 | $5693.39 | 16.20% | $259,539 | 27.47% |
| 2022-05-15 | $4899.66 | -0.02% | $203,612 | 3.61% |
Listed by: Veronica Sanders-Dugger • JPAR Arlington
Mls Name: NTREIS
Mls ID: #20928929
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.
