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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% |
Investment property for sale in Ovilla at 513 Forest Edge Ln, Ovilla, TX, 75154 listed at $695,000 pairs $7,277/mo rent with a $3,402/mo payment to leave $2,316/mo cash flow. Total monthly income runs $7,277/mo, and annual cash flow reaches $27,788/yr on $228,655 cash to close. Return on cash invested measures 32.21% in year one, and rental yield registers 12.56% at a $695,000 basis. Equity gained on principal adds $4,485/yr, and annual property appreciation at 5% supports $192,016 by year five. Five-year ROI tracks 170.05% and total cumulative return in cash totals $388,818. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,277/mo property income relative to a $3,402/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
0.62 Acres lot
$N/A/sqft
$225 annually 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 |
|---|---|---|
| 2024-08-01 | Price change | $695,000 |
| 2024-05-30 | Price change | $699,000 |
| 2024-05-16 | Price change | $719,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $9996.51 | -5.94% | $554,773 | 10.00% |
| 2022-08-30 | $10627.27 | N/A | $504,339 | 10.00% |
| 2021-08-30 | N/A | N/A | $458,490 | 4.59% |
Listed by: Christian Holmes • The Agency Frisco
Mls Name: NTREIS
Mls ID: #20554407
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.
