815 Avenue SHondoTX78861
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 Hondo at 815 Avenue S, Hondo, TX, 78861 offers $1,495/mo rent that, after a $732/mo payment, leaves $432/mo cash flow. Total monthly income is $1,495/mo, and annual cash flow is $5,179/yr on $49,559 cash. Return on cash invested measures 30.36% in year one, and rental yield stands at 12% at a $149,500 entry. Equity gained on principal adds $965/yr while 5% annual appreciation compounds into $41,304 by year five. Five-year ROI records 160.13% and total cumulative return in cash reaches $79,361. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,495/mo property income versus a $732/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
6,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78861, Hondo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,087 (100%) |
| Owner Occupied HU | 3,400 (66.8%) |
| Renter Occupied HU | 1,097 (21.6%) |
| Vacant Housing Units | 590 (11.6%) |
| Median Home Value | $226,954 |
| Average Home Value | $278,011 |
Housing Distribution
Address Breakdown
Residential
4,995
Single Family
4,617
Multi-Family
378
Businesses
502
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