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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 Hockley at 28927 Grazing Plains Ln, Hockley, TX, 77447 offers a 10.86% rental yield on a $265,240 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,298/mo payment leaves $414/mo available for distribution. Annual cash flow reaches $4,969/yr on $87,927 to close, and return on cash invested stands at 25.56% in year one. Equity gained on principal adds $1,712/yr while 5% annual appreciation supports $73,281 over five years. Portfolio math shows five-year ROI at 134.9% and total cumulative return in cash at $118,615. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,298/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$1,200 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 |
|---|---|---|
| 2025-06-30 | Listed for sale | $265,240 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jared Turner • Lennar Homes Village Builders, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #70051335
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