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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 Roanoke at 252 Morningside Dr, Roanoke, TX, 76262 generates $3,474/mo in rent, after a $4,087/mo payment. Total monthly income is $3,474/mo. Return on cash invested sits at 7.46% in year one, and rental yield is 4.99% on a $835,000 entry. Equity gained on principal adds $5,388/yr, while 5% annual appreciation builds toward $230,695 over five years. Five-year ROI reaches 37.96% and total cumulative return in cash sums $104,284. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,474/mo property income rather than buyer’s personal income.
Townhouse
Built in 2020
1,655 sqft lot
$N/A/sqft
$420 monthly HOA
Neighborhood data shown for ZIP Code: 76262, Roanoke, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,094 (100%) |
| Owner Occupied HU | 11,796 (65.2%) |
| Renter Occupied HU | 5,240 (29.0%) |
| Vacant Housing Units | 1,058 ( 5.8%) |
| Median Home Value | $607,697 |
| Average Home Value | $702,771 |
Residential
17,546
Single Family
13,611
Multi-Family
3,935
Businesses
1,307
Date | Event | Price |
|---|---|---|
| 2024-11-20 | Listed for sale | $835,000 |
| 2023-03-03 | Sold | N/A |
| 2023-02-08 | Pending sale | $630,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $9946.04 | 25.76% | $616,309 | 4.24% |
| 2023-02-13 | $7908.71 | -19.68% | $591,258 | 10.00% |
| 2022-02-13 | $9846.71 | 11.92% | $537,507 | 16.09% |
Listed by: Mary Ann Izzarelli • Ebby Halliday, REALTORS
Mls Name: NTREIS
Mls ID: #20772050
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.
