7637 Reis 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
Rental property for sale in North Richland Hills at 7637 Reis Ln, North Richland Hills, TX, 76182 priced at $390,000 converts $3,229/mo rent into $39/mo cash flow after a $1,909/mo obligation. Total monthly income equals $3,229/mo, and annual cash flow totals $472/yr on $129,285 invested. Return on cash invested prints 20.27% in year one, and rental yield reads 9.94% against a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation compiles into $107,750 by year five. Five-year ROI reaches 107.42% and total cumulative return in cash sums $138,884. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,229/mo property income covering a $1,909/mo payment, not borrower’s personal income.
Townhouse
Built in 2021
1,568 sqft lot
$N/A/sqft
$265 monthly 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: Jason Tam • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #20927994
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.