902 W 3rd StHearneTX77859
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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 Hearne at 902 W 3rd St, Hearne, TX, 77859 offers $2,485/mo rent that, after a $1,245/mo payment, leaves $676/mo cash flow. Total monthly income is $2,485/mo, and annual cash flow is $8,113/yr on $84,334 cash. Return on cash invested measures 29.53% in year one, and rental yield stands at 11.72% at a $254,400 entry. Equity gained on principal adds $1,642/yr while 5% annual appreciation compounds into $70,286 by year five. Five-year ROI records 155.7% and total cumulative return in cash reaches $131,303. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,485/mo property income versus a $1,245/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77859, Hearne, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,351 (100%) |
| Owner Occupied HU | 2,013 (60.1%) |
| Renter Occupied HU | 855 (25.5%) |
| Vacant Housing Units | 483 (14.4%) |
| Median Home Value | $159,472 |
| Average Home Value | $214,139 |
Housing Distribution
Address Breakdown
Residential
2,974
Single Family
2,876
Multi-Family
98
Businesses
324
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