Peridot Plan, The Ridge at Northlake 60s, Northlake, TX, 76226 | $357/mo Cash Flow

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Peridot Plan, The Ridge at Northlake 60s, Northlake, TX, 76226 | $357/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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 Peridot Plan, The Ridge at Northlake 60s, Northlake, TX, 76226 priced at $618,990 converts $4,759/mo rent into $357/mo cash flow after a $3,030/mo obligation. Total monthly income equals $4,759/mo, and annual cash flow totals $4,283/yr on $203,648 invested. Return on cash invested prints 22.16% in year one, and rental yield reads 9.23% against a $618,990 entry. Equity gained on principal adds $3,994/yr, while 5% annual appreciation compiles into $171,016 by year five. Five-year ROI reaches 116.11% and total cumulative return in cash sums $236,458. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,759/mo property income covering a $3,030/mo payment, not borrower’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

The Peridot features a study and large formal dining room with a walk through to the kitchen off of the foyer. This open concept floor plan has a gourmet kitchen overlooking the large gathering room. The island is great for entertaining. A covered outdoor living space is a way to take the party outside. The plan offers more efficient space with an over-sized laundry room. The private primary suite on the first floor is a large room with a beautiful bathroom and large walk-in closet. Upstairs find 3 secondary bedrooms off of the game room along with 2 full bathrooms.

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