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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 Aledo at 243 Observation Dr N, Aledo, TX, 76008 offers $3,594/mo rent that, after a $2,442/mo payment. Total monthly income is $3,594/mo. Return on cash invested measures 19.88% in year one, and rental yield stands at 8.64% at a $499,000 entry. Equity gained on principal adds $3,220/yr while 5% annual appreciation compounds into $137,865 by year five. Five-year ROI records 104.02% and total cumulative return in cash reaches $172,062. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,594/mo property income versus a $2,442/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,840 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 |
|---|---|---|
| 2025-02-01 | Price change | $499,000 |
| 2025-01-27 | Listed for sale | $514,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | $1149.82 | 0.74% | $52,500 | N/A |
| 2023-02-12 | $1141.39 | -9.07% | $52,500 | N/A |
| 2022-02-12 | $1255.22 | 1955.04% | $52,500 | 1661.74% |
Listed by: Doug Beard • eXp Realty, LLC
Mls Name: NTREIS
Mls ID: #20828160
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.
