








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 Aledo at 1342 Steeple Chase Ln, Aledo, TX, 76008 priced at $1,995,000 pairs $4,500/mo rent with after a $9,765/mo payment. Total monthly income equals $4,500/mo. Return on cash invested is 2.2% in year one, and rental yield stands at 2.71% on a $1,995,000 basis. Equity gained on principal adds $12,873/yr, and 5% annual appreciation accumulates to $551,182 by year five. Five-year ROI measures 9.08% and total cumulative return in cash reaches $58,713. For financing, Ziffy Mortgage’s DSCR program evaluates $4,500/mo property income against a $9,765/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2008
1.39 Acres lot
$N/A/sqft
$1,200 annually HOA
Neighborhood data shown for ZIP Code: 76008, Aledo, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,914 (100%) |
| Owner Occupied HU | 8,685 (87.6%) |
| Renter Occupied HU | 749 ( 7.6%) |
| Vacant Housing Units | 480 ( 4.8%) |
| Median Home Value | $528,969 |
| Average Home Value | $590,314 |
Residential
9,537
Single Family
9,524
Multi-Family
13
Businesses
763
Date | Event | Price |
|---|---|---|
| 2025-05-03 | Listed for sale | $1,995,000 |
| 2020-11-06 | Sold | N/A |
| 2020-07-21 | Listed for sale | $1,285,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-04 | $21293.75 | 0.78% | $1,250,000 | -2.17% |
| 2023-05-04 | $21128.37 | -4.79% | $1,277,780 | 12.82% |
| 2022-05-04 | $22191.41 | -2.95% | $1,132,610 | N/A |



Listed by: Ruth Story • Story Group
Mls Name: NTREIS
Mls ID: #20912796
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.