1302 22ND ST, Hondo, TX, 78861 | $450/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1302 22ND ST, Hondo, TX, 78861 | $450/mo Cash Flow | Ziffy

For Sale

Motivated Seller

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Hondo at 1302 22ND ST, Hondo, TX, 78861 offers a 11.39% rental yield on a $189,000 purchase with $1,794/mo rent. Total monthly income registers $1,794/mo, and a $925/mo payment leaves $450/mo available for distribution. Annual cash flow reaches $5,401/yr on $62,654 to close, and return on cash invested stands at 28.53% 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 150.37% and total cumulative return in cash at $94,210. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,794/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1972

0.39 Acres lot

$N/A/sqft

No HOA

More details about the property

MOTIVATED SELLERS! This traditional one owner ranch-style home spans approximately 2,648+/- square feet and is situated on a .39+/- acre lot in the charming town of Hondo, TX. Nestled among mature oak trees that provide excellent shade, the home boasts ample space for expansion. With 4 bedrooms and 2 bathrooms, this property offers limitless possibilities for you to restore and customize to your liking. Inside, you'll find a kitchen with space for a breakfast table, small mudroom with the entrance from the attached 1 car garage, large family/great room with a brick wall fireplace, a separate dining room attached to a formal living area, large area in the hallway to create an office or work space creating a warm and inviting atmosphere. Each bedroom features a walk-in closet, offering plenty of storage space. Built in 1972, the home has a composition roof with a concrete slab foundation, a covered front porch, and an attached one car garage. The property is conveniently located near shopping, public schools, and medical facilities in Hondo, and is just a 40-minute drive to Loop 1604 in San Antonio via Highway 90. Experience the best of country living with easy access to city amenities.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78861, Hondo, TX area.

Housing Distribution

Housing Statistics

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