








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Red Oak at 119 Locust Ct, Red Oak, TX, 75154 offers a 8.95% rental yield on a $425,000 purchase with $3,170/mo rent. Total monthly income registers $3,170/mo, and a $2,080/mo payment leaves $148/mo available for distribution. Annual cash flow reaches $1,775/yr on $140,888 to close, and return on cash invested stands at 21.17% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 110.81% and total cumulative return in cash at $156,113. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,170/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
1.04 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-06-17 | Listed for sale | $425,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-17 | $1740.82 | 6.86% | $306,012 | 10.00% |
| 2023-06-17 | $1629.12 | -46.89% | $278,193 | 10.00% |
| 2022-06-17 | $3067.34 | N/A | $252,903 | 10.00% |



Listed by: Tessa Larson • Keller Williams Legacy
Mls Name: NTREIS
Mls ID: #20942111
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