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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 1508 32ND ST, Hondo, TX, 78861 listed at $269,000 pairs $3,436/mo rent with a $1,317/mo payment to leave $1,523/mo cash flow. Total monthly income runs $3,436/mo, and annual cash flow reaches $18,273/yr on $89,174 cash to close. Return on cash invested measures 40.4% in year one, and rental yield registers 15.33% at a $269,000 basis. Equity gained on principal adds $1,736/yr, and annual property appreciation at 5% supports $74,320 by year five. Five-year ROI tracks 213.95% and total cumulative return in cash totals $190,787. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,436/mo property income relative to a $1,317/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1982
0.33 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 |
|---|---|---|
| 2024-06-24 | Price change | $269,000 |
| 2024-04-02 | Listed for sale | $297,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $2394.48 | -14.89% | $227,698 | 10.00% |
| 2022-08-14 | $2813.35 | 2.88% | $206,998 | 10.00% |
| 2021-08-14 | $2734.50 | N/A | $188,180 | 7.41% |
Listed by: Jack Gruber • Gruber Properties, LLC
Mls Name: SABOR
Mls Provider:
Mls ID: #1763358
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.
