Gresham Plan, The Ridge at Northlake, Northlake, TX, 76226 | $215/mo Cash Flow

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Gresham Plan, The Ridge at Northlake, Northlake, TX, 76226 | $215/mo Cash Flow | Ziffy

For Sale

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Northlake at Gresham Plan, The Ridge at Northlake, Northlake, TX, 76226 generates $4,759/mo in rent and, after a $3,128/mo payment, leaves $215/mo in cash flow. Total monthly income is $4,759/mo, and annual cash flow is $2,575/yr on $210,228 invested. Return on cash invested sits at 21.29% in year one, and rental yield is 8.94% on a $638,990 entry. Equity gained on principal adds $4,123/yr, while 5% annual appreciation builds toward $176,541 over five years. Five-year ROI reaches 111.41% and total cumulative return in cash sums $234,217. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,759/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Make your new home dreams a reality with the innovative Gresham floor plan by David Weekley Homes in The Ridge at Northlake. Prepare, present and enjoy your culinary masterpieces on the contemporary kitchen's island overlooking the spacious family and dining areas. A sunlit study, specialty TV room, and serene covered porch present impressive spaces to pursue individual goals and enjoy spending time together. A private suite and Jack-and-Jill bedrooms help everyone find a space to make uniquely their own. It's easy to wake up on the right side of the bed in the luxurious Owner's Retreat, which includes an en suite Owner's Bath and walk-in closet. Experience the Best in Design, Choice and Service with this new home in Northlake, Texas.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76226, Argyle, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,414 (100%)
Owner Occupied HU	15,448 (88.7%)
Renter Occupied HU	1,291 ( 7.4%)
Vacant Housing Units	675 ( 3.9%)
Median Home Value	$615,556
Average Home Value	$679,325