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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 Red Oak at 602 Cardinal Dr, Red Oak, TX, 75154 earns $700/mo cash flow from $2,477/mo rent with a $1,223/mo payment. Total monthly income totals $2,477/mo, and annual cash flow totals $8,401/yr on $82,842 capital. ROI tracks 30.05% on current figures, and rental yield reads 11.89% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 158.47% and total cumulative return in cash sums $131,282. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,477/mo property income instead of your personal income.
Single Family
Built in 1982
0.57 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: Gail Griggs • CENTURY 21 Judge Fite Co.
Mls Name: NTREIS
Mls ID: #21092933
