8716 Ice House DrNorth Richland HillsTX76180
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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 8716 Ice House Dr, North Richland Hills, TX, 76180 generates $5,968/mo in rent and, after a $2,619/mo payment, leaves $1,836/mo in cash flow. Total monthly income is $5,968/mo, and annual cash flow is $22,032/yr on $176,015 invested. Return on cash invested sits at 32.58% in year one, and rental yield is 13.39% on a $535,000 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 172.79% and total cumulative return in cash sums $304,144. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,968/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
2,744 sqft lot
$N/A/sqft
$925 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76180, North Richland Hills, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,061 (100%) |
| Owner Occupied HU | 8,037 (44.5%) |
| Renter Occupied HU | 8,782 (48.6%) |
| Vacant Housing Units | 1,242 ( 6.9%) |
| Median Home Value | $344,927 |
| Average Home Value | $380,786 |
Housing Distribution
Address Breakdown
Residential
17,028
Single Family
10,367
Multi-Family
6,661
Businesses
1,091
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Listed by: Brenda Blaser • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #20717357
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.