502 22ndHondoTX78861
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
Investment property for sale in Hondo at 502 22nd, Hondo, TX, 78861 uses $41,404 cash to close to unlock $2,209/yr annual cash flow and $184/mo monthly cash flow. Total monthly income runs $1,150/mo, and a $611/mo payment keeps the spread at $184/mo. Purchase price stands at $124,900, and rental yield measures 11.05% with $1,150/mo rent. Return on cash invested shows 25.24% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 133.6% and total cumulative return in cash records $55,318. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,150/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78861, Hondo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,087 (100%) |
| Owner Occupied HU | 3,400 (66.8%) |
| Renter Occupied HU | 1,097 (21.6%) |
| Vacant Housing Units | 590 (11.6%) |
| Median Home Value | $226,954 |
| Average Home Value | $278,011 |
Housing Distribution
Address Breakdown
Residential
4,995
Single Family
4,617
Multi-Family
378
Businesses
502
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yesenia Loera • Redbird Realty LLC
Mls Name: SABOR
Mls Provider:
Mls ID: #1852502
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.