








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 Aledo at 202 Observation Dr N, Aledo, TX, 76008 generates $5,518/mo in rent and, after a $3,470/mo payment, leaves $371/mo in cash flow. Total monthly income is $5,518/mo, and annual cash flow is $4,457/yr on $233,261 invested. Return on cash invested sits at 21.97% in year one, and rental yield is 9.34% on a $709,000 entry. Equity gained on principal adds $4,575/yr, while 5% annual appreciation builds toward $195,884 over five years. Five-year ROI reaches 115.29% and total cumulative return in cash sums $268,917. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,518/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
7,797 sqft lot
$N/A/sqft
$600 annually HOA
Neighborhood data shown for ZIP Code: 76008, Aledo, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,914 (100%) |
| Owner Occupied HU | 8,685 (87.6%) |
| Renter Occupied HU | 749 ( 7.6%) |
| Vacant Housing Units | 480 ( 4.8%) |
| Median Home Value | $528,969 |
| Average Home Value | $590,314 |
Residential
9,537
Single Family
9,524
Multi-Family
13
Businesses
763
Date | Event | Price |
|---|---|---|
| 2025-04-26 | Listed for sale | $709,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-27 | $12428.58 | -1.35% | $622,585 | -1.97% |
| 2023-04-27 | $12598.85 | 903.72% | $635,120 | 1109.75% |
| 2022-04-27 | $1255.22 | 1610.81% | $52,500 | 1366.48% |



Listed by: Patty Sheets • Coldwell Banker Realty
Mls Name: NTREIS
Mls ID: #20895927
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.