302 Howard Way DrAledoTX76008
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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
Rental property for sale in Aledo at 302 Howard Way Dr, Aledo, TX, 76008 offers $3,232/mo rent that, after a $1,855/mo payment, leaves $383/mo cash flow. Total monthly income is $3,232/mo, and annual cash flow is $4,593/yr on $125,639 cash. Return on cash invested measures 23.56% in year one, and rental yield stands at 10.23% at a $379,000 entry. Equity gained on principal adds $2,446/yr while 5% annual appreciation compounds into $104,711 by year five. Five-year ROI records 124.18% and total cumulative return in cash reaches $156,023. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,232/mo property income versus a $1,855/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
8,102 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76008, Aledo, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,537
Single Family
9,524
Multi-Family
13
Businesses
763
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Listed by: Alex Bogdanoff • Citiwide Alliance Realty
Mls Name: NTREIS
Mls ID: #20971966
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.