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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% |
Investment property for sale in Red Oak at 2636 Fm 983, Red Oak, TX, 75154 listed at $550,000 pairs $2,701/mo rent with a $2,692/mo payment. Total monthly income runs $2,701/mo. Return on cash invested measures 12.03% in year one, and rental yield registers 5.89% at a $550,000 basis. Equity gained on principal adds $3,549/yr, and annual property appreciation at 5% supports $151,955 by year five. Five-year ROI tracks 61.8% and total cumulative return in cash totals $111,826. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,701/mo property income relative to a $2,692/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1981
12.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75154, Red Oak, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,844 (100%) |
| Owner Occupied HU | 14,515 (77.0%) |
| Renter Occupied HU | 3,735 (19.8%) |
| Vacant Housing Units | 594 ( 3.2%) |
| Median Home Value | $347,833 |
| Average Home Value | $386,647 |
Residential
18,969
Single Family
17,381
Multi-Family
1,588
Businesses
1,012
Date | Event | Price |
|---|---|---|
| 2025-04-22 | Listed for sale | $550,000 |
| 2020-12-04 | Sold | N/A |
| 2020-11-19 | Pending sale | $315,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-23 | $4700.89 | -17.82% | $325,483 | -17.75% |
| 2023-04-23 | $5720.39 | 18.51% | $395,702 | 27.81% |
| 2022-04-23 | $4826.87 | N/A | $309,602 | 17.62% |
Listed by: Michael Farah • Farah Real Estate
Mls Name: NTREIS
Mls ID: #20912221
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.
