307 Commerce St WHoney 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
Rental property for sale in Honey Grove at 307 Commerce St W, Honey Grove, TX, 75446 priced at $159,990 converts $1,153/mo rent into $15/mo cash flow after a $783/mo obligation. Total monthly income equals $1,153/mo, and annual cash flow totals $184/yr on $53,037 invested. Return on cash invested prints 20.26% in year one, and rental yield reads 8.65% against a $159,990 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,202 by year five. Five-year ROI reaches 105.95% and total cumulative return in cash sums $56,194. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,153/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1975
10,105 sqft 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: Briscoe Graves • OnDemand Realty
Mls Name: NTREIS
Mls ID: #20994493