702 W 10th StHearneTX77859
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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 Hearne at 702 W 10th St, Hearne, TX, 77859 uses $37,294 cash to close to unlock $20,686/yr annual cash flow and $1,724/mo monthly cash flow. Total monthly income runs $2,564/mo, and a $551/mo payment keeps the spread at $1,724/mo. Purchase price stands at $112,500, and rental yield measures 27.35% with $2,564/mo rent. Return on cash invested shows 75.38% in year one, and 5% annual appreciation builds toward $31,082 over five years. Five-year ROI reaches 402% and total cumulative return in cash records $149,920. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,564/mo property income covering a $551/mo payment rather than investor’s personal income.
Single Family
Built in N/A
6,229 sqft 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
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Listed by: Michael Furman • Re/Max Platinum
Mls Name: HAR
Mls Provider:
Mls ID: #22890336
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