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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 405 Magnolia St, Hico, TX, 76457 priced at $265,000 converts $1,544/mo rent into after a $1,297/mo obligation. Total monthly income equals $1,544/mo. Return on cash invested prints 15.26% in year one, and rental yield reads 6.99% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 79.14% and total cumulative return in cash sums $69,519. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,544/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 2011
7,971 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kaylee Gardner • Texas Luxury and Land
Mls Name: NTREIS
Mls ID: #21012300
