31418 Cardrona Peak PlHockleyTX77447
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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 Hockley at 31418 Cardrona Peak Pl, Hockley, TX, 77447 listed at $339,900 pairs $3,269/mo rent with a $1,664/mo payment to leave $852/mo cash flow. Total monthly income runs $3,269/mo, and annual cash flow reaches $10,219/yr on $112,677 cash to close. Return on cash invested measures 28.98% in year one, and rental yield registers 11.54% at a $339,900 basis. Equity gained on principal adds $2,193/yr, and annual property appreciation at 5% supports $93,908 by year five. Five-year ROI tracks 152.69% and total cumulative return in cash totals $172,043. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,269/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
6,912 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77447, Hockley, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,781
Single Family
10,781
Multi-Family
0
Businesses
309
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