1244 Redbud StHoweTX75459
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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 Howe at 1244 Redbud St, Howe, TX, 75459 priced at $599,500 pairs $1,980/mo rent with after a $2,934/mo payment. Total monthly income equals $1,980/mo. Return on cash invested is 6.17% in year one, and rental yield stands at 3.96% on a $599,500 basis. Equity gained on principal adds $3,868/yr, and 5% annual appreciation accumulates to $165,631 by year five. Five-year ROI measures 30.37% and total cumulative return in cash reaches $59,903. For financing, Ziffy Mortgage’s DSCR program evaluates $1,980/mo property income against a $2,934/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75459, Howe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,334 (100%) |
| Owner Occupied HU | 1,560 (66.8%) |
| Renter Occupied HU | 636 (27.2%) |
| Vacant Housing Units | 138 ( 5.9%) |
| Median Home Value | $338,214 |
| Average Home Value | $450,441 |
Housing Distribution
Address Breakdown
Residential
2,068
Single Family
1,936
Multi-Family
132
Businesses
104
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Listed by: James Williams • Berkshire HathawayHS PenFed TX
Mls Name: NTREIS
Mls ID: #20914703
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.