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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 Aledo at 641 Prairie Ave, Aledo, TX, 76008 offers $4,500/mo rent that, after a $3,372/mo payment. Total monthly income is $4,500/mo. Return on cash invested measures 16.72% in year one, and rental yield stands at 7.84% at a $689,000 entry. Equity gained on principal adds $4,446/yr while 5% annual appreciation compounds into $190,358 by year five. Five-year ROI records 87.37% and total cumulative return in cash reaches $198,042. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,500/mo property income versus a $3,372/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
8,058 sqft lot
$N/A/sqft
$600 annually HOA
Neighborhood data shown for ZIP Code: 76008, Aledo, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,914 (100%) |
| Owner Occupied HU | 8,685 (87.6%) |
| Renter Occupied HU | 749 ( 7.6%) |
| Vacant Housing Units | 480 ( 4.8%) |
| Median Home Value | $528,969 |
| Average Home Value | $590,314 |
Residential
9,537
Single Family
9,524
Multi-Family
13
Businesses
763
Date | Event | Price |
|---|---|---|
| 2024-07-13 | Price change | $689,000 |
| 2024-04-23 | Listed for sale | $699,000 |
| 2024-04-12 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | $13631.11 | 30.61% | $682,600 | 48.56% |
| 2022-08-13 | $10436.68 | -1.26% | $459,480 | N/A |
| 2021-08-13 | $10570.15 | 1.67% | $459,480 | 7.49% |
Listed by: Patty Williamson • Williams Trew Real Estate
Mls Name: NTREIS
Mls ID: #20537678
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.
