802 Commerce St EHoney GroveTX75446
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 802 Commerce St E, Honey Grove, TX, 75446 priced at $220,000 converts $1,944/mo rent into $343/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,944/mo, and annual cash flow totals $4,119/yr on $72,930 invested. Return on cash invested prints 25.56% in year one, and rental yield reads 10.6% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 134.59% and total cumulative return in cash sums $98,159. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,944/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 2014
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nancy Townes • Century 21 Harvey Properties-P
Mls Name: NTREIS
Mls ID: #20768913
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.