Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 915 Slippery Elm Dr, Ovilla, TX, 75154 listed at $549,900 pairs $3,194/mo rent with a $2,691/mo payment. Total monthly income runs $3,194/mo. Return on cash invested measures 15.31% in year one, and rental yield registers 6.97% at a $549,900 basis. Equity gained on principal adds $3,548/yr, and annual property appreciation at 5% supports $151,927 by year five. Five-year ROI tracks 79.39% and total cumulative return in cash totals $143,630. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,194/mo property income relative to a $2,691/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
1.05 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 |
|---|---|---|
| 2025-06-21 | Listed for sale | $549,900 |
| 2023-01-26 | Sold | N/A |
| 2023-01-07 | Pending sale | $475,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-21 | $7155.08 | 58.74% | $441,113 | 34.71% |
| 2023-06-21 | $4507.39 | -10.41% | $327,452 | 10.00% |
| 2022-06-21 | $5030.85 | N/A | $297,684 | 10.00% |
Listed by: Jordan Borders • CENTURY 21 Judge Fite Co.
Mls Name: NTREIS
Mls ID: #20977313
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.
