306 N College StHoweTX75459
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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 306 N College St, Howe, TX, 75459 listed at $232,500 pairs $1,697/mo rent with a $1,138/mo payment to leave $44/mo cash flow. Total monthly income runs $1,697/mo, and annual cash flow reaches $523/yr on $77,074 cash to close. Return on cash invested measures 20.59% in year one, and rental yield registers 8.76% at a $232,500 basis. Equity gained on principal adds $1,500/yr, and annual property appreciation at 5% supports $64,235 by year five. Five-year ROI tracks 107.69% and total cumulative return in cash totals $83,004. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,697/mo property income relative to a $1,138/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
0.32 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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