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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 Hico at 308 S Elm St, Hico, TX, 76457 offers $1,441/mo rent that, after a $930/mo payment, leaves $90/mo cash flow. Total monthly income is $1,441/mo, and annual cash flow is $1,078/yr on $62,985 cash. Return on cash invested measures 21.62% in year one, and rental yield stands at 9.1% at a $190,000 entry. Equity gained on principal adds $1,226/yr while 5% annual appreciation compounds into $52,494 by year five. Five-year ROI records 113.25% and total cumulative return in cash reaches $71,328. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,441/mo property income versus a $930/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
5,749 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76457, Hico, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,189 (100%) |
| Owner Occupied HU | 1,299 (59.3%) |
| Renter Occupied HU | 406 (18.5%) |
| Vacant Housing Units | 484 (22.1%) |
| Median Home Value | $260,659 |
| Average Home Value | $374,378 |
Residential
1,597
Single Family
1,597
Multi-Family
0
Businesses
162
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Listed for sale | $190,000 |
| 2024-10-07 | Contingent | $190,000 |
| 2024-10-04 | Listed for sale | $190,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | N/A | N/A | $140,592 | 20.00% |
| 2023-10-23 | $2158.20 | -3.71% | $117,160 | 4.02% |
| 2022-10-23 | $2241.41 | 16.49% | $112,630 | 32.41% |
Listed by: Christi Black • BLACK REAL ESTATE, LLC
Mls Name: NTREIS
Mls ID: #20746669
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.
