985 LoboHondoTX78861
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 985 Lobo, Hondo, TX, 78861 offers $1,674/mo rent that, after a $1,444/mo payment. Total monthly income is $1,674/mo. Return on cash invested measures 14.71% in year one, and rental yield stands at 6.81% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 76.2% and total cumulative return in cash reaches $74,522. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,674/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2023
0.99 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eli Sanchez • eXp Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1857994
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.