885 County Road 640HondoTX78861
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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 Hondo at 885 County Road 640, Hondo, TX, 78861 listed at $629,900 pairs $3,120/mo rent with a $3,083/mo payment. Total monthly income runs $3,120/mo. Return on cash invested measures 12.19% in year one, and rental yield registers 5.94% at a $629,900 basis. Equity gained on principal adds $4,065/yr, and annual property appreciation at 5% supports $174,030 by year five. Five-year ROI tracks 62.63% and total cumulative return in cash totals $129,783. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,120/mo property income relative to a $3,083/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
8 Acres 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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Listed by: Deanna Kirksey • Jane Byrd Properties International LLC
Mls Name: HAR
Mls Provider:
Mls ID: #69661670
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