306 Honey Mesquite PathWillisTX77318
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Willis at 306 Honey Mesquite Path, Willis, TX, 77318 priced at $325,000 converts $2,476/mo rent into $81/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,476/mo, and annual cash flow totals $970/yr on $107,738 invested. Return on cash invested prints 20.81% in year one, and rental yield reads 9.14% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 109.21% and total cumulative return in cash sums $117,661. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,476/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 2021
7,004 sqft lot
$N/A/sqft
$1,005 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77318, Willis, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,287 (100%) |
| Owner Occupied HU | 7,710 (74.9%) |
| Renter Occupied HU | 1,462 (14.2%) |
| Vacant Housing Units | 1,115 (10.8%) |
| Median Home Value | $346,271 |
| Average Home Value | $433,090 |
Housing Distribution
Address Breakdown
Residential
9,572
Single Family
9,396
Multi-Family
176
Businesses
303
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Nearby investment properties with comparable prices
Listed by: Raul Campos • Onpoint Property Management
Mls Name: HAR
Mls Provider:
Mls ID: #15664711
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