323 Morrison 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
Rental property for sale in Howe at 323 Morrison Rd, Howe, TX, 75459 generates $6,636/mo in rent and, after a $2,741/mo payment, leaves $2,653/mo in cash flow. Total monthly income is $6,636/mo, and annual cash flow is $31,841/yr on $184,275 invested. Return on cash invested sits at 37.34% in year one, and rental yield is 14.22% on a $560,105 entry. Equity gained on principal adds $3,614/yr, while 5% annual appreciation builds toward $154,747 over five years. Five-year ROI reaches 197.5% and total cumulative return in cash sums $363,950. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,636/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
1.40 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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Listed by: Kyle Skaar • Ultima Real Estate
Mls Name: NTREIS
Mls ID: #20545741
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.