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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 1107 29TH ST, Hondo, TX, 78861 offers a 8.63% rental yield on a $205,000 purchase with $1,474/mo rent. Total monthly income registers $1,474/mo, and a $1,003/mo payment leaves $0/mo available for distribution. Annual cash flow reaches $0/yr on $67,958 to close, and return on cash invested stands at 19.91% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 104.23% and total cumulative return in cash at $70,830. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,474/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.37 Acres 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 |
|---|---|---|
| 2024-12-09 | Listed for sale | $205,000 |
| 2024-10-28 | Listing removed | $212,000 |
| 2024-10-11 | Price change | $212,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | $3601.62 | 18.51% | $213,772 | 10.00% |
| 2023-02-12 | $3039.07 | -15.67% | $194,338 | 10.00% |
| 2022-02-12 | $3603.64 | 2.39% | $176,671 | 10.00% |
Listed by: Heather Mutz • Homestead & Ranch Real Estate
Mls Name: SABOR
Mls Provider:
Mls ID: #1725907
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.
