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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Red Oak at 108 Forest Park Ln, Red Oak, TX, 75154 priced at $309,990 converts $2,616/mo rent into $389/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,616/mo, and annual cash flow totals $4,665/yr on $102,762 invested. Return on cash invested prints 24.45% in year one, and rental yield reads 10.13% against a $309,990 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,645 by year five. Five-year ROI reaches 128.49% and total cumulative return in cash sums $132,040. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,616/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 2002
6,534 sqft lot
$N/A/sqft
$277 annually HOA
Neighborhood data shown for ZIP Code: 75154, Red Oak, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,844 (100%) |
| Owner Occupied HU | 14,515 (77.0%) |
| Renter Occupied HU | 3,735 (19.8%) |
| Vacant Housing Units | 594 ( 3.2%) |
| Median Home Value | $347,833 |
| Average Home Value | $386,647 |
Residential
18,969
Single Family
17,381
Multi-Family
1,588
Businesses
1,012
Date | Event | Price |
|---|---|---|
| 2025-06-25 | Listed for sale | $309,990 |
| 2011-08-25 | Listing removed | $124,900 |
| 2011-03-27 | Listed for sale | $124,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-25 | $1099.19 | N/A | $269,288 | 10.00% |
| 2023-06-25 | $1099.19 | -47.60% | $244,807 | 10.00% |
| 2022-06-25 | $2097.67 | N/A | $222,552 | 10.00% |
Listed by: Sherry Bryson • Tero Real Estate
Mls Name: NTREIS
Mls ID: #20980423
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.
