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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% |
Investment property for sale in North Richland Hills at 7413 Spring Lea Way, North Richland Hills, TX, 76182 offers a 9.35% rental yield on a $589,900 purchase with $4,595/mo rent. Total monthly income registers $4,595/mo, and a $2,887/mo payment leaves $400/mo available for distribution. Annual cash flow reaches $4,805/yr on $194,077 to close, and return on cash invested stands at 22.54% in year one. Equity gained on principal adds $3,807/yr while 5% annual appreciation supports $162,978 over five years. Portfolio math shows five-year ROI at 118.13% and total cumulative return in cash at $229,257. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,595/mo property income against a $2,887/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
10,628 sqft 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Shanna Medrano • Hollis Properties
Mls Name: NTREIS
Mls ID: #21068502
