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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 401 Mara Ln, Red Oak, TX, 75154 priced at $315,000 converts $2,530/mo rent into $290/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,530/mo, and annual cash flow totals $3,477/yr on $104,423 invested. Return on cash invested prints 23.24% in year one, and rental yield reads 9.64% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 121.91% and total cumulative return in cash sums $127,301. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,530/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1994
7,840 sqft 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 |
|---|---|---|
| 2025-05-01 | Listed for sale | $315,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $4104.37 | -25.55% | $251,759 | -5.24% |
| 2023-05-01 | $5512.64 | 11.81% | $265,667 | 23.09% |
| 2022-05-01 | $4930.36 | N/A | $215,834 | 22.82% |
Listed by: Eric Keathly • Texas Premier Realty North Cen
Mls Name: NTREIS
Mls ID: #20919492
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.
