202 Cockrell Hill RdOvillaTX75154
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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 Ovilla at 202 Cockrell Hill Rd, Ovilla, TX, 75154 generates $1,276/mo in rent and, after a $808/mo payment, leaves $62/mo in cash flow. Total monthly income is $1,276/mo, and annual cash flow is $744/yr on $54,698 invested. Return on cash invested sits at 21.27% in year one, and rental yield is 9.28% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 111.67% and total cumulative return in cash sums $61,079. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,276/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
6,316 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 75154, Red Oak, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
18,969
Single Family
17,381
Multi-Family
1,588
Businesses
1,012
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-22 | Listed for sale | $165,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $150,000 | -6.52% |
| 2023-02-13 | $3221.85 | 43.03% | $160,455 | 57.90% |
| 2022-02-13 | $2252.56 | N/A | $101,618 | 44.86% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1950
- Architectural Style: Traditional,Detached
- Building Area: N/A
- Living Area: 832 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Ceiling Fan(s), Electric
- Flooring: Ceramic Tile, Wood
- Interior Features: Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Natural Woodwork
- Exterior Features: N/A
- Parking Features: Common, Gravel
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Septic Available, Water Available
- Sewer: Septic Tank
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Dolores McClatchey
- Middle School: Walnut Grove
- High School: Heritage
Listed by: Amy Mcdaniel • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #20760383
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.