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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 Red Oak at 320 Methodist St, Red Oak, TX, 75154 priced at $259,000 converts $2,154/mo rent into $250/mo cash flow after a $1,268/mo obligation. Total monthly income equals $2,154/mo, and annual cash flow totals $2,999/yr on $85,859 invested. Return on cash invested prints 23.4% in year one, and rental yield reads 9.98% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 123.08% and total cumulative return in cash sums $105,676. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,154/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.97 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 |
|---|---|---|
| 2025-06-10 | Listed for sale | $259,000 |
| 2024-09-30 | Listing removed | $1,850 |
| 2024-08-27 | Price change | $2,050 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-10 | $5042.97 | 3.93% | $243,131 | 3.98% |
| 2023-06-10 | $4852.14 | 19.62% | $233,836 | 31.68% |
| 2022-06-10 | $4056.42 | N/A | $177,576 | 55.50% |
Listed by: Haleigh Kurth • NextHome on Main
Mls Name: NTREIS
Mls ID: #20964897
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.
