Manor Plan, Enclave at Chadwick FarmsNorthlakeTX76262
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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 Northlake at Manor Plan, Enclave at Chadwick Farms, Northlake, TX, 76262 priced at $374,990 converts $3,000/mo rent into $334/mo cash flow after a $1,835/mo obligation. Total monthly income equals $3,000/mo, and annual cash flow totals $4,005/yr on $124,309 invested. Return on cash invested prints 23.13% in year one, and rental yield reads 9.6% against a $374,990 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,603 by year five. Five-year ROI reaches 121.33% and total cumulative return in cash sums $150,828. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76262, Roanoke, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,094 (100%) |
| Owner Occupied HU | 11,796 (65.2%) |
| Renter Occupied HU | 5,240 (29.0%) |
| Vacant Housing Units | 1,058 ( 5.8%) |
| Median Home Value | $607,697 |
| Average Home Value | $702,771 |
Housing Distribution
Address Breakdown
Residential
17,546
Single Family
13,611
Multi-Family
3,935
Businesses
1,307
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