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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 2804 Avenue I, Hondo, TX, 78861 offers $1,829/mo rent that, after a $1,121/mo payment, leaves $200/mo cash flow. Total monthly income is $1,829/mo, and annual cash flow is $2,405/yr on $75,914 cash. Return on cash invested measures 23.08% in year one, and rental yield stands at 9.58% at a $229,000 entry. Equity gained on principal adds $1,478/yr while 5% annual appreciation compounds into $63,268 by year five. Five-year ROI records 121.08% and total cumulative return in cash reaches $91,913. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,829/mo property income versus a $1,121/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.31 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 |
|---|---|---|
| 2025-04-02 | Listed for sale | $229,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-02 | $3785.38 | 110.74% | $178,590 | 103.61% |
| 2023-04-02 | $1796.27 | -19.74% | $87,710 | -9.86% |
| 2022-04-02 | $2238.20 | 14.97% | $97,300 | 18.41% |
Listed by: Kyle Heyen • Bob Heyen Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1855002
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.
