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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 961 E Ovilla Rd, Red oak, TX, 75154 offers a 11.28% rental yield on a $189,000 purchase with $1,776/mo rent. Total monthly income registers $1,776/mo, and a $925/mo payment leaves $432/mo available for distribution. Annual cash flow reaches $5,185/yr on $62,654 to close, and return on cash invested stands at 28.18% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 148.49% and total cumulative return in cash at $93,034. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,776/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1982
0.94 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 |
|---|---|---|
| 2025-07-22 | Listed for sale | $189,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-23 | $1846.62 | -0.06% | $125,000 | N/A |
| 2023-07-23 | $1847.67 | -8.72% | $125,000 | 4.17% |
| 2022-07-23 | $2024.24 | N/A | $120,000 | 100.00% |
Listed by: Lucian Galloway • White Line Realty LLC
Mls Name: NTREIS
Mls ID: #21008550
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.
