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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 Hockley at 23411 Honey Spade Rd, Hockley, TX, 77447 generates $2,400/mo in rent and, after a $1,243/mo payment, leaves $527/mo in cash flow. Total monthly income is $2,400/mo, and annual cash flow is $6,328/yr on $84,198 invested. Return on cash invested sits at 27.42% in year one, and rental yield is 11.34% on a $253,990 entry. Equity gained on principal adds $1,639/yr, while 5% annual appreciation builds toward $70,173 over five years. Five-year ROI reaches 144.73% and total cumulative return in cash sums $121,863. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$800 annually HOA
Neighborhood data shown for ZIP Code: 77447, Hockley, TX area.
| 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 |
Residential
10,781
Single Family
10,781
Multi-Family
0
Businesses
309
Date | Event | Price |
|---|---|---|
| 2024-12-13 | Price change | $253,990 |
| 2024-11-22 | Price change | $263,990 |
| 2024-10-17 | Price change | $249,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jimmy Franklin • Pulte Homes
Mls Name: HAR
Mls Provider:
Mls ID: #47669883
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