Westgate Plan, Harvest GardensNorthlakeTX76226
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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 Northlake at Westgate Plan, Harvest Gardens, Northlake, TX, 76226 offers a 15% rental yield on a $608,990 purchase with $7,613/mo rent. Total monthly income registers $7,613/mo, and a $2,981/mo payment leaves $3,282/mo available for distribution. Annual cash flow reaches $39,385/yr on $200,358 to close, and return on cash invested stands at 39.72% in year one. Equity gained on principal adds $3,930/yr while 5% annual appreciation supports $168,253 over five years. Portfolio math shows five-year ROI at 210.27% and total cumulative return in cash at $421,286. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,613/mo property income against a $2,981/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
16,345
Single Family
16,345
Multi-Family
0
Businesses
916
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