609 HickoryHughes SpringsTX75656
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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 Hughes Springs at 609 Hickory, Hughes Springs, TX, 75656 offers $700/mo rent that, after a $830/mo payment. Total monthly income is $700/mo. Return on cash invested measures 9.11% in year one, and rental yield stands at 4.96% at a $169,500 entry. Equity gained on principal adds $1,094/yr while 5% annual appreciation compounds into $46,830 by year five. Five-year ROI records 46.21% and total cumulative return in cash reaches $25,964. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $700/mo property income versus a $830/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75656, Hughes Springs, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,117 (100%) |
| Owner Occupied HU | 1,295 (61.2%) |
| Renter Occupied HU | 499 (23.6%) |
| Vacant Housing Units | 323 (15.3%) |
| Median Home Value | $146,136 |
| Average Home Value | $352,147 |
Housing Distribution
Address Breakdown
Residential
1,752
Single Family
1,648
Multi-Family
104
Businesses
150
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Listed by: Tracy Dean • Texas Real Estate Executives
Mls Name: NTREIS
Mls ID: #21073389