706 E 11th StHooksTX75561
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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 Hooks at 706 E 11th St, Hooks, TX, 75561 priced at $152,500 converts $2,586/mo rent into $1,460/mo cash flow after a $746/mo obligation. Total monthly income equals $2,586/mo, and annual cash flow totals $17,522/yr on $50,554 invested. Return on cash invested prints 54.57% in year one, and rental yield reads 20.35% against a $152,500 entry. Equity gained on principal adds $984/yr, while 5% annual appreciation compiles into $42,133 by year five. Five-year ROI reaches 290.35% and total cumulative return in cash sums $146,783. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,586/mo property income covering a $746/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75561, Hooks, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,427 (100%) |
| Owner Occupied HU | 1,509 (62.2%) |
| Renter Occupied HU | 605 (24.9%) |
| Vacant Housing Units | 313 (12.9%) |
| Median Home Value | $157,361 |
| Average Home Value | $210,999 |
Housing Distribution
Address Breakdown
Residential
1,914
Single Family
1,914
Multi-Family
0
Businesses
94
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