11 Lacey StHooksTX75561
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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 Hooks at 11 Lacey St, Hooks, TX, 75561 generates $1,915/mo in rent, after a $1,405/mo payment. Total monthly income is $1,915/mo. Return on cash invested sits at 18.32% in year one, and rental yield is 8.01% on a $287,000 entry. Equity gained on principal adds $1,852/yr, while 5% annual appreciation builds toward $79,293 over five years. Five-year ROI reaches 95.52% and total cumulative return in cash sums $90,874. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,915/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75561, Hooks, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,427 (100%) |
| Owner Occupied HU | 1,509 (62.2%) |
| Renter Occupied HU | 605 (24.9%) |
| Vacant Housing Units | 313 (12.9%) |
| Median Home Value | $157,361 |
| Average Home Value | $210,999 |
Housing Distribution
Address Breakdown
Residential
1,914
Single Family
1,914
Multi-Family
0
Businesses
94
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