663 6th 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 663 6th St, Honey Grove, TX, 75446 generates $1,080/mo in rent, after a $979/mo payment. Total monthly income is $1,080/mo. Return on cash invested sits at 13.71% in year one, and rental yield is 6.48% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 70.84% and total cumulative return in cash sums $46,964. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
8,712 sqft 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: Amy Patrick • FanninLand Realty
Mls Name: NTREIS
Mls ID: #21131267