1604 Elliot 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
Rental property for sale in Howe at 1604 Elliot Rd, Howe, TX, 75459 generates $1,980/mo in rent and, after a $1,247/mo payment, leaves $168/mo in cash flow. Total monthly income is $1,980/mo, and annual cash flow is $2,018/yr on $84,474 invested. Return on cash invested sits at 22.3% in year one, and rental yield is 9.32% on a $254,824 entry. Equity gained on principal adds $1,644/yr, while 5% annual appreciation builds toward $70,403 over five years. Five-year ROI reaches 116.9% and total cumulative return in cash sums $98,748. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,980/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A 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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