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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 Hondo at 103 E 16TH ST, Hondo, TX, 78861 offers a 9.51% rental yield on a $249,900 purchase with $1,981/mo rent. Total monthly income registers $1,981/mo, and a $1,223/mo payment leaves $105/mo available for distribution. Annual cash flow reaches $1,259/yr on $82,842 to close, and return on cash invested stands at 21.43% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 112.7% and total cumulative return in cash at $93,362. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,981/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
9,757 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78861, Hondo, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,087 (100%) |
| Owner Occupied HU | 3,400 (66.8%) |
| Renter Occupied HU | 1,097 (21.6%) |
| Vacant Housing Units | 590 (11.6%) |
| Median Home Value | $226,954 |
| Average Home Value | $278,011 |
Residential
4,995
Single Family
4,617
Multi-Family
378
Businesses
502
Date | Event | Price |
|---|---|---|
| 2024-10-25 | Price change | $249,900 |
| 2024-09-05 | Price change | $274,000 |
| 2024-07-26 | Price change | $285,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | $5337.55 | -4.48% | $251,820 | -7.70% |
| 2023-02-12 | $5587.63 | 0.07% | $272,840 | 12.40% |
| 2022-02-12 | $5583.74 | 27.10% | $242,740 | 30.91% |
Listed by: Misty Thompson • KW Thompson Houston Real Estate
Mls Name: SABOR
Mls Provider:
Mls ID: #1781739
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.
