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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% |
Rental property for sale in Hondo at 2303 WESTWOOD DR, Hondo, TX, 78861 offers $2,615/mo rent that, after a $1,121/mo payment, leaves $986/mo cash flow. Total monthly income is $2,615/mo, and annual cash flow is $11,837/yr on $75,914 cash. Return on cash invested measures 35.5% in year one, and rental yield stands at 13.7% at a $229,000 entry. Equity gained on principal adds $1,478/yr while 5% annual appreciation compounds into $63,268 by year five. Five-year ROI records 187.7% and total cumulative return in cash reaches $142,493. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,615/mo property income versus a $1,121/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
9,278 sqft 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 |
|---|---|---|
| 2024-07-11 | Price change | $229,000 |
| 2024-06-18 | Listed for sale | $249,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $3026.67 | 1.03% | $147,790 | 13.48% |
| 2022-08-14 | $2995.89 | 13.46% | $130,240 | 16.86% |
| 2021-08-14 | $2640.53 | 145.43% | $111,450 | 26.83% |
Listed by: Stephen Long • Long Properties
Mls Name: SABOR
Mls Provider:
Mls ID: #1785389
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.
