1616 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 1616 Elliott Rd, Howe, TX, 75459 listed at $223,999 pairs $2,095/mo rent with a $1,096/mo payment to leave $502/mo cash flow. Total monthly income runs $2,095/mo, and annual cash flow reaches $6,030/yr on $74,256 cash to close. Return on cash invested measures 28.03% in year one, and rental yield registers 11.22% at a $223,999 basis. Equity gained on principal adds $1,445/yr, and annual property appreciation at 5% supports $61,887 by year five. Five-year ROI tracks 147.62% and total cumulative return in cash totals $109,615. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,095/mo property income relative to a $1,096/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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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