407 Carter StHoweTX75459
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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 407 Carter St, Howe, TX, 75459 priced at $200,000 converts $1,985/mo rent into $563/mo cash flow after a $979/mo obligation. Total monthly income equals $1,985/mo, and annual cash flow totals $6,752/yr on $66,300 invested. Return on cash invested prints 30.09% in year one, and rental yield reads 11.91% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 158.67% and total cumulative return in cash sums $105,200. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,985/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.49 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: Will Clark • OmniKey Realty, LLC.
Mls Name: NTREIS
Mls ID: #20798861
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.