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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 2308 WESTWOOD DR, Hondo, TX, 78861 offers $2,556/mo rent that, after a $920/mo payment, leaves $1,219/mo cash flow. Total monthly income is $2,556/mo, and annual cash flow is $14,631/yr on $62,322 cash. Return on cash invested measures 43.39% in year one, and rental yield stands at 16.31% at a $188,000 entry. Equity gained on principal adds $1,213/yr while 5% annual appreciation compounds into $51,941 by year five. Five-year ROI records 229.99% and total cumulative return in cash reaches $143,336. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,556/mo property income versus a $920/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
9,016 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 |
|---|---|---|
| 2024-06-18 | Listed for sale | $188,000 |
| 2024-05-16 | Pending sale | $188,000 |
| 2024-05-06 | Contingent | $188,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $972.04 | -27.58% | $99,739 | 10.00% |
| 2022-08-14 | $1342.26 | -4.40% | $90,672 | 10.00% |
| 2021-08-14 | $1404.06 | 10.01% | $82,429 | 10.00% |
Listed by: Stephen Long • Long Properties
Mls Name: SABOR
Mls Provider:
Mls ID: #1729656
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.
