7304 Davis BlvdNorth 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 7304 Davis Blvd, North Richland Hills, TX, 76182 priced at $229,500 pairs $1,915/mo rent with $283/mo cash flow after a $1,123/mo payment. Total monthly income equals $1,915/mo, and annual cash flow comes to $3,399/yr on $76,079 invested. Return on cash invested is 24.38% in year one, and rental yield stands at 10.01% on a $229,500 basis. Equity gained on principal adds $1,481/yr, and 5% annual appreciation accumulates to $63,407 by year five. Five-year ROI measures 128.05% and total cumulative return in cash reaches $97,422. For financing, Ziffy Mortgage’s DSCR program evaluates $1,915/mo property income against a $1,123/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
6,011 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: Ken Morton • Morton Realty & Prop Mgmt, LLC
Mls Name: NTREIS
Mls ID: #21079733