212 Watson St, Red Oak, TX, 75154 | $689/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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212 Watson St, Red Oak, TX, 75154 | $689/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Red Oak at 212 Watson St, Red Oak, TX, 75154 offers $3,683/mo rent that, after a $2,061/mo payment, leaves $689/mo cash flow. Total monthly income is $3,683/mo, and annual cash flow is $8,265/yr on $139,562 cash. Return on cash invested measures 25.83% in year one, and rental yield stands at 10.5% at a $421,000 entry. Equity gained on principal adds $2,717/yr while 5% annual appreciation compounds into $116,315 by year five. Five-year ROI records 135.8% and total cumulative return in cash reaches $189,525. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,683/mo property income versus a $2,061/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2019

7,187 sqft lot

$N/A/sqft

No HOA

More details about the property

212 Watson St, Red Oak, TX 75154 is a single-family home featuring 4 bedrooms, 3.5 bathrooms, and 3,040 square feet of living space, situated on a 7,187 square foot lot. The property was built in 2019 and includes a 2-car garage, a covered porch and patio, and a full sprinkler and sod system. The home has a stone elevation and is considered energy-efficient. Key Features: Bedrooms & Bathrooms: 4 bedrooms, 3 full bathrooms, and 1 half bathroom. Living Space: 3,040 square feet. Lot Size: 7,187 square feet. Garage: 2-car attached garage. Exterior: Stone elevation, brick, and wood fencing. Interior: Open concept living, study, formal dining, family room with a fireplace, game room, walk-in closets, granite countertops, and a smart home system, Other Features: Covered porch and patio, full sprinkler and sod, and energy-efficient design. Year Built: 2019.

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