1516 Elliott RdHoweTX75459
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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
Investment property for sale in Howe at 1516 Elliott Rd, Howe, TX, 75459 earns $582/mo cash flow from $2,323/mo rent with a $1,198/mo payment. Total monthly income totals $2,323/mo, and annual cash flow totals $6,988/yr on $81,159 capital. ROI tracks 28.52% on current figures, and rental yield reads 11.39% at a $244,824 purchase. Equity gained on principal adds $1,580/yr, and 5% annual appreciation supports $67,640 over five years. Five-year ROI reaches 150.26% and total cumulative return in cash sums $121,949. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,323/mo property income instead of your personal income.
Single Family
Built in 2025
5,357 sqft 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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