229 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
Investment property for sale in Hockley at 229 Elm Spring Dr, Hockley, TX, 77447 with 5% annual appreciation on a $309,900 basis while $2,495/mo rent supports operations. Total monthly income totals $2,495/mo and a $1,517/mo payment preserves $291/mo for cash returns. Annual cash flow comes to $3,493/yr on $102,732 deployed, and return on cash invested reaches 23.31% in year one. Equity gained on principal adds $2,000/yr, and five-year appreciation sums $85,620 alongside rental yield of 9.66%. Five-year ROI measures 122.32% and total cumulative return in cash totals $125,664.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,495/mo property income versus a $1,517/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2026
5,000 sqft 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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