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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% |
Investment property for sale in Hondo at 2605 AVENUE M, Hondo, TX, 78861 offers a 11.96% rental yield on a $168,000 purchase with $1,674/mo rent. Total monthly income registers $1,674/mo, and a $822/mo payment leaves $480/mo available for distribution. Annual cash flow reaches $5,755/yr on $55,692 to close, and return on cash invested stands at 30.24% in year one. Equity gained on principal adds $1,084/yr while 5% annual appreciation supports $46,415 over five years. Portfolio math shows five-year ROI at 159.5% and total cumulative return in cash at $88,829. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,674/mo property income against a $822/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
6,969 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 |
|---|---|---|
| 2024-10-14 | Price change | $168,000 |
| 2024-08-21 | Price change | $187,000 |
| 2024-07-03 | Listed for sale | $195,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $2787.89 | -2.94% | $131,530 | -6.22% |
| 2023-12-27 | $2872.25 | 4.04% | $140,250 | 16.86% |
| 2022-12-27 | $2760.84 | 20.38% | $120,020 | 23.99% |
Listed by: Lynda Halbardier • Long Properties
Mls Name: SABOR
Mls Provider:
Mls ID: #1790012
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.
