LOT 3 E Fm 902HoweTX75459
Nearby investment properties with comparable rents
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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
Rental property for sale in Howe at LOT 3 E Fm 902, Howe, TX, 75459 priced at $129,000 converts $3,548/mo rent into $2,631/mo cash flow after a $631/mo obligation. Total monthly income equals $3,548/mo, and annual cash flow totals $31,573/yr on $42,764 invested. Return on cash invested prints 93.74% in year one, and rental yield reads 33% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 500.08% and total cumulative return in cash sums $213,853. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,548/mo property income covering a $631/mo payment, not borrower’s personal income.
Lot
Built in N/A
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75459, Howe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,334 (100%) |
| Owner Occupied HU | 1,560 (66.8%) |
| Renter Occupied HU | 636 (27.2%) |
| Vacant Housing Units | 138 ( 5.9%) |
| Median Home Value | $338,214 |
| Average Home Value | $450,441 |
Housing Distribution
Address Breakdown
Residential
2,068
Single Family
1,936
Multi-Family
132
Businesses
104
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Listed by: Andrew Ramirez • Bertholf Commercial Real Estate
Mls Name: NTREIS
Mls ID: #20626838
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.