300 W Main StHoney GroveTX75446
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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 Honey Grove at 300 W Main St, Honey Grove, TX, 75446 uses $96,135 cash to close to unlock $1,683/yr annual cash flow and $140/mo monthly cash flow. Total monthly income runs $2,255/mo, and a $1,419/mo payment keeps the spread at $140/mo. Purchase price stands at $290,000, and rental yield measures 9.33% with $2,255/mo rent. Return on cash invested shows 21.66% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 113.72% and total cumulative return in cash records $109,324. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,255/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1982
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75446, Honey Grove, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,518 (100%) |
| Owner Occupied HU | 999 (65.8%) |
| Renter Occupied HU | 316 (20.8%) |
| Vacant Housing Units | 203 (13.4%) |
| Median Home Value | $297,454 |
| Average Home Value | $398,193 |
Housing Distribution
Address Breakdown
Residential
1,468
Single Family
1,436
Multi-Family
32
Businesses
108
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Listed by: JAMES SIMPSON • Weichert Realtors-Solid Ground
Mls Name: NTREIS
Mls ID: #20503019
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.