1612 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
Investment property for sale in Howe at 1612 Elliot Rd, Howe, TX, 75459 listed at $250,999 pairs $1,980/mo rent with a $1,229/mo payment to leave $195/mo cash flow. Total monthly income runs $1,980/mo, and annual cash flow reaches $2,335/yr on $83,206 cash to close. Return on cash invested measures 22.72% in year one, and rental yield registers 9.47% at a $250,999 basis. Equity gained on principal adds $1,620/yr, and annual property appreciation at 5% supports $69,346 by year five. Five-year ROI tracks 119.11% and total cumulative return in cash totals $99,108. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,980/mo property income relative to a $1,229/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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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