2602 Avenue KHondoTX78861
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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 Hondo at 2602 Avenue K, Hondo, TX, 78861 earns $288/mo cash flow from $2,848/mo rent with a $1,762/mo payment. Total monthly income totals $2,848/mo, and annual cash flow totals $3,456/yr on $119,340 capital. ROI tracks 22.8% on current figures, and rental yield reads 9.49% at a $360,000 purchase. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 over five years. Five-year ROI reaches 119.58% and total cumulative return in cash sums $142,701. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,848/mo property income instead of your personal income.
Single Family
Built in 1961
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78861, Hondo, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,995
Single Family
4,617
Multi-Family
378
Businesses
502
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