515 Golden Bell DrRed OakTX75154
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 Red Oak at 515 Golden Bell Dr, Red Oak, TX, 75154 uses $122,655 cash to close to unlock $24,553/yr annual cash flow and $2,046/mo monthly cash flow. Total monthly income runs $4,721/mo, and a $1,811/mo payment keeps the spread at $2,046/mo. Purchase price stands at $370,000, and rental yield measures 15.31% with $4,721/mo rent. Return on cash invested shows 39.93% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 211.57% and total cumulative return in cash records $259,505. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,721/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Single Family
Built in 2019
8,799 sqft lot
$N/A/sqft
$525 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75154, Red Oak, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
18,969
Single Family
17,381
Multi-Family
1,588
Businesses
1,012
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marlo Jackson • Rendon Realty, LLC
Mls Name: NTREIS
Mls ID: #20688345
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.