402 N Hughes StHoweTX75459
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 402 N Hughes St, Howe, TX, 75459 uses $82,212 cash to close to unlock $5,199/yr annual cash flow and $433/mo monthly cash flow. Total monthly income runs $2,197/mo, and a $1,214/mo payment keeps the spread at $433/mo. Purchase price stands at $248,000, and rental yield measures 10.63% with $2,197/mo rent. Return on cash invested shows 26.23% in year one, and 5% annual appreciation builds toward $68,518 over five years. Five-year ROI reaches 138% and total cumulative return in cash records $113,454. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,197/mo property income covering a $1,214/mo payment rather than investor’s personal income.
Single Family
Built in 1983
7,143 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices