505 Cassandra 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
Investment property for sale in Howe at 505 Cassandra St, Howe, TX, 75459 uses $120,998 cash to close to unlock $1,163/yr annual cash flow and $97/mo monthly cash flow. Total monthly income runs $2,692/mo, and a $1,786/mo payment keeps the spread at $97/mo. Purchase price stands at $365,000, and rental yield measures 8.85% with $2,692/mo rent. Return on cash invested shows 20.87% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 109.2% and total cumulative return in cash records $132,127. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,692/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.30 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: Sheryl Yowell • Ebby Halliday Realtors
Mls Name: NTREIS
Mls ID: #20897162
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.