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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 Justin at 238 Ovaletta Dr, Justin, TX, 76247 priced at $379,000 converts $3,088/mo rent into $239/mo cash flow after a $1,855/mo obligation. Total monthly income equals $3,088/mo, and annual cash flow totals $2,873/yr on $125,639 invested. Return on cash invested prints 22.2% in year one, and rental yield reads 9.78% against a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation compiles into $104,711 by year five. Five-year ROI reaches 116.87% and total cumulative return in cash sums $146,831. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,088/mo property income covering a $1,855/mo payment, not borrower’s personal income.
Single Family
Built in 2018
0.26 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood data shown for ZIP Code: 76247, Justin, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,121 (100%) |
| Owner Occupied HU | 9,700 (80.0%) |
| Renter Occupied HU | 1,582 (13.1%) |
| Vacant Housing Units | 839 ( 6.9%) |
| Median Home Value | $438,515 |
| Average Home Value | $491,845 |
Residential
10,759
Single Family
10,453
Multi-Family
306
Businesses
404
Date | Event | Price |
|---|---|---|
| 2025-02-06 | Price change | $379,000 |
| 2025-01-16 | Listed for sale | $382,000 |
| 2021-12-09 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $7882.66 | 0.07% | $413,595 | 0.19% |
| 2023-02-13 | $7876.85 | 12.23% | $412,822 | 24.86% |
| 2022-02-13 | $7018.78 | 24.62% | $330,632 | 20.53% |
Listed by: Kay Lopez • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #20816633
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.
