605 & 607 S 4th 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
Investment property for sale in Honey Grove at 605 & 607 S 4th St, Honey Grove, TX, 75446 offers a 10.08% rental yield on a $285,000 purchase with $2,394/mo rent. Total monthly income registers $2,394/mo, and a $1,395/mo payment leaves $367/mo available for distribution. Annual cash flow reaches $4,407/yr on $94,478 to close, and return on cash invested stands at 24.57% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 129.1% and total cumulative return in cash at $121,974. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,394/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2000
0.49 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: Leah Rolen • Keller Williams Legacy
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24013940
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.