8304 Southridge CtNorth Richland HillsTX76182
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 North Richland Hills at 8304 Southridge Ct, North Richland Hills, TX, 76182 priced at $624,000 pairs $5,424/mo rent with $970/mo cash flow after a $3,054/mo payment. Total monthly income equals $5,424/mo, and annual cash flow comes to $11,642/yr on $205,296 invested. Return on cash invested is 25.73% in year one, and rental yield stands at 10.43% on a $624,000 basis. Equity gained on principal adds $4,027/yr, and 5% annual appreciation accumulates to $172,400 by year five. Five-year ROI measures 135.3% and total cumulative return in cash reaches $277,763. For financing, Ziffy Mortgage’s DSCR program evaluates $5,424/mo property income against a $3,054/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
9,365 sqft lot
$N/A/sqft
$200 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherri Blasingame • Coldwell Banker Realty
Mls Name: NTREIS
Mls ID: #20663098
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.