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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 248 Lantern Ridge Dr, Aledo, TX, 76008 priced at $1,149,000 converts $4,107/mo rent into after a $5,624/mo obligation. Total monthly income equals $4,107/mo. Return on cash invested prints 6.54% in year one, and rental yield reads 4.29% against a $1,149,000 entry. Equity gained on principal adds $7,414/yr, while 5% annual appreciation compiles into $317,448 by year five. Five-year ROI reaches 32.59% and total cumulative return in cash sums $121,339. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,107/mo property income covering a $5,624/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.37 Acres lot
$N/A/sqft
$225 monthly 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 |
|---|---|---|
| 2025-06-19 | Price change | $1,149,000 |
| 2025-02-04 | Price change | $1,199,000 |
| 2024-11-20 | Price change | $1,299,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Cassandra Hughes • Engel & Volkers Fort Worth
Mls Name: NTREIS
Mls ID: #20634669
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.
