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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 2602 AVENUE I, Hondo, TX, 78861 priced at $279,900 converts $1,955/mo rent into after a $1,370/mo obligation. Total monthly income equals $1,955/mo. Return on cash invested prints 19.45% in year one, and rental yield reads 8.38% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 101.6% and total cumulative return in cash sums $94,273. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,955/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1929
0.34 Acres 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 |
|---|---|---|
| 2025-01-01 | Listed for sale | $279,900 |
| 2024-10-22 | Listing removed | $284,000 |
| 2024-10-11 | Price change | $284,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | $3417.43 | -37.91% | $205,083 | -23.69% |
| 2023-02-12 | $5503.65 | 41.16% | $268,740 | 58.56% |
| 2022-02-12 | $3898.78 | 112.83% | $169,490 | 119.21% |
Listed by: Brittney Schenk • LPT Realty, LLC
Mls Name: SABOR
Mls Provider:
Mls ID: #1831732
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.
