8304 Spence DrNorth 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
Investment property for sale in North Richland Hills at 8304 Spence Dr, North Richland Hills, TX, 76182 listed at $735,000 pairs $3,700/mo rent with a $3,597/mo payment. Total monthly income runs $3,700/mo. Return on cash invested measures 12.42% in year one, and rental yield registers 6.04% at a $735,000 basis. Equity gained on principal adds $4,743/yr, and annual property appreciation at 5% supports $203,067 by year five. Five-year ROI tracks 63.87% and total cumulative return in cash totals $154,452. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,700/mo property income relative to a $3,597/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
9,016 sqft lot
$N/A/sqft
$170 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
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Listed by: Cindy Giles • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #20936848
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.