8545 Fm 824Honey 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
Investment property for sale in Honey Grove at 8545 Fm 824, Honey Grove, TX, 75446 listed at $199,000 pairs $1,826/mo rent with a $974/mo payment to leave $411/mo cash flow. Total monthly income runs $1,826/mo, and annual cash flow reaches $4,931/yr on $65,969 cash to close. Return on cash invested measures 27.38% in year one, and rental yield registers 11.01% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 144.13% and total cumulative return in cash totals $95,082. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,826/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
1.92 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
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Listed by: Brenda Stewart • Stewart Realty & Associates
Mls Name: NTREIS
Mls ID: #21012737