17051 Shimmer Ray StHockleyTX77447
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hockley at 17051 Shimmer Ray St, Hockley, TX, 77447 generates $3,649/mo in rent and, after a $2,203/mo payment, leaves $349/mo in cash flow. Total monthly income is $3,649/mo, and annual cash flow is $4,182/yr on $149,175 invested. Return on cash invested sits at 22.71% in year one, and rental yield is 9.73% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 119.39% and total cumulative return in cash sums $178,098. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,649/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
5,018 sqft lot
$N/A/sqft
$1,200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77447, Hockley, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,326 (100%) |
| Owner Occupied HU | 10,304 (83.6%) |
| Renter Occupied HU | 1,216 ( 9.9%) |
| Vacant Housing Units | 806 ( 6.5%) |
| Median Home Value | $337,739 |
| Average Home Value | $430,368 |
Housing Distribution
Address Breakdown
Residential
10,781
Single Family
10,781
Multi-Family
0
Businesses
309
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Listed by: Ben Caballero • Highland Homes Realty
Mls Name: HAR
Mls Provider:
Mls ID: #69201497
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