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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 508 Hickory Cir, Red Oak, TX, 75154 generates $3,194/mo in rent and, after a $1,953/mo payment, leaves $357/mo in cash flow. Total monthly income is $3,194/mo, and annual cash flow is $4,279/yr on $132,269 invested. Return on cash invested sits at 23.14% in year one, and rental yield is 9.61% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 121.4% and total cumulative return in cash sums $160,574. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,194/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
1.00 Acres 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Tricia Madrid • Redfin Corporation
Mls Name: NTREIS
Mls ID: #20988419
