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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 128 Chestnut Ln, Red Oak, TX, 75154 priced at $700,000 converts $4,219/mo rent into after a $3,426/mo obligation. Total monthly income equals $4,219/mo. Return on cash invested prints 15.98% in year one, and rental yield reads 7.23% against a $700,000 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation compiles into $193,397 by year five. Five-year ROI reaches 83% and total cumulative return in cash sums $191,140. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,219/mo property income covering a $3,426/mo payment, not borrower’s personal income.
Single Family
Built in 2015
6,621 sqft lot
$N/A/sqft
$300 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 |
|---|---|---|
| 2025-01-14 | Listed for sale | $700,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $510,425 | 10.00% |
| 2023-02-13 | $8506.28 | -6.57% | $464,023 | 10.00% |
| 2022-02-13 | $9104.32 | N/A | $421,839 | 10.00% |
Listed by: Sarah Padgett • CENTURY 21 Judge Fite Co.
Mls Name: NTREIS
Mls ID: #20811801
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.
