6 Patinka DrHearneTX77859
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
Rental property for sale in Hearne at 6 Patinka Dr, Hearne, TX, 77859 offers $2,027/mo rent that, after a $928/mo payment, leaves $679/mo cash flow. Total monthly income is $2,027/mo, and annual cash flow is $8,147/yr on $62,819 cash. Return on cash invested measures 32.88% in year one, and rental yield stands at 12.84% at a $189,500 entry. Equity gained on principal adds $1,223/yr while 5% annual appreciation compounds into $52,355 by year five. Five-year ROI records 173.58% and total cumulative return in cash reaches $109,043. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,027/mo property income versus a $928/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77859, Hearne, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,351 (100%) |
| Owner Occupied HU | 2,013 (60.1%) |
| Renter Occupied HU | 855 (25.5%) |
| Vacant Housing Units | 483 (14.4%) |
| Median Home Value | $159,472 |
| Average Home Value | $214,139 |
Housing Distribution
Address Breakdown
Residential
2,974
Single Family
2,876
Multi-Family
98
Businesses
324
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melinda Scott • Home & Ranch Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #45268192
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers 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.