505 Hickory StHoney 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 505 Hickory St, Honey Grove, TX, 75446 generates $3,221/mo in rent and, after a $1,617/mo payment, leaves $872/mo in cash flow. Total monthly income is $3,221/mo, and annual cash flow is $10,461/yr on $109,504 invested. Return on cash invested sits at 29.46% in year one, and rental yield is 11.7% on a $330,330 entry. Equity gained on principal adds $2,132/yr, while 5% annual appreciation builds toward $91,264 over five years. Five-year ROI reaches 155.28% and total cumulative return in cash sums $170,034. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,221/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
0.50 Acres 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: Dale Horton • FanninLand Realty
Mls Name: NTREIS
Mls ID: #20666077
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.