351 Pierce RdRed OakTX75154
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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 Red Oak at 351 Pierce Rd, Red Oak, TX, 75154 offers $3,086/mo rent that, after a $2,741/mo payment. Total monthly income is $3,086/mo. Return on cash invested measures 14.22% in year one, and rental yield stands at 6.61% at a $560,000 entry. Equity gained on principal adds $3,614/yr while 5% annual appreciation compounds into $154,718 by year five. Five-year ROI records 73.54% and total cumulative return in cash reaches $135,485. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,086/mo property income versus a $2,741/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75154, Red Oak, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
18,969
Single Family
17,381
Multi-Family
1,588
Businesses
1,012
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Listed by: Ana Johnson • Rendon Realty, LLC
Mls Name: NTREIS
Mls ID: #20904118
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.