217 Elm Spring DrHockleyTX77447
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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 Hockley at 217 Elm Spring Dr, Hockley, TX, 77447 generates $2,647/mo in rent and, after a $1,654/mo payment, leaves $244/mo in cash flow. Total monthly income is $2,647/mo, and annual cash flow is $2,928/yr on $112,014 invested. Return on cash invested sits at 22.52% in year one, and rental yield is 9.4% on a $337,900 entry. Equity gained on principal adds $2,180/yr, while 5% annual appreciation builds toward $93,356 over five years. Five-year ROI reaches 118.06% and total cumulative return in cash sums $132,247. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,647/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
0.27 Acres lot
$N/A/sqft
No 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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