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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 159 Alesha Rd, Red Oak, TX, 75154 priced at $429,000 converts $3,194/mo rent into $143/mo cash flow after a $2,100/mo obligation. Total monthly income equals $3,194/mo, and annual cash flow totals $1,717/yr on $142,214 invested. Return on cash invested prints 21.12% in year one, and rental yield reads 8.93% against a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation compiles into $118,525 by year five. Five-year ROI reaches 110.55% and total cumulative return in cash sums $157,213. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,194/mo property income covering a $2,100/mo payment, not borrower’s personal income.
Single Family
Built in 1998
1 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 |
|---|---|---|
| 2024-08-06 | Price change | $429,000 |
| 2024-06-13 | Price change | $445,000 |
| 2024-05-20 | Price change | $450,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $3015.84 | -19.76% | $279,789 | 10.00% |
| 2022-08-14 | $3758.73 | N/A | $254,354 | 10.00% |
| 2021-08-14 | N/A | N/A | $231,231 | 10.00% |
Listed by: Kristen Orostieta • ORO Realty LLC
Mls Name: NTREIS
Mls ID: #20695046
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.
