607 N 2nd 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 607 N 2nd St, Honey Grove, TX, 75446 listed at $258,620 pairs $3,455/mo rent with a $1,266/mo payment to leave $1,616/mo cash flow. Total monthly income runs $3,455/mo, and annual cash flow reaches $19,389/yr on $85,733 cash to close. Return on cash invested measures 42.52% in year one, and rental yield registers 16.03% at a $258,620 basis. Equity gained on principal adds $1,669/yr, and annual property appreciation at 5% supports $71,452 by year five. Five-year ROI tracks 225.34% and total cumulative return in cash totals $193,192. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,455/mo property income relative to a $1,266/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
1.13 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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