261 Red RdHoweTX75459
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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
Investment Highlights
Investment property for sale in Howe at 261 Red Rd, Howe, TX, 75459 offers a 8.76% rental yield on a $429,000 purchase with $3,131/mo rent. Total monthly income registers $3,131/mo, and a $2,100/mo payment leaves $80/mo available for distribution. Annual cash flow reaches $961/yr on $142,214 to close, and return on cash invested stands at 20.58% in year one. Equity gained on principal adds $2,768/yr while 5% annual appreciation supports $118,525 over five years. Portfolio math shows five-year ROI at 107.7% and total cumulative return in cash at $153,169. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,131/mo property income against a $2,100/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
1.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75459, Howe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,334 (100%) |
| Owner Occupied HU | 1,560 (66.8%) |
| Renter Occupied HU | 636 (27.2%) |
| Vacant Housing Units | 138 ( 5.9%) |
| Median Home Value | $338,214 |
| Average Home Value | $450,441 |
Housing Distribution
Address Breakdown
Residential
2,068
Single Family
1,936
Multi-Family
132
Businesses
104
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