








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Horseshoe Bay at 109 Dawn No 2, Horseshoe Bay, TX, 78657 generates $2,388/mo in rent and, after a $1,561/mo payment, leaves $120/mo in cash flow. Total monthly income is $2,388/mo, and annual cash flow is $1,439/yr on $105,749 invested. Return on cash invested sits at 21.27% in year one, and rental yield is 8.98% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 111.34% and total cumulative return in cash sums $117,745. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,388/mo property income rather than buyer’s personal income.
Townhouse
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78657, Marble Falls, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,411 (100%) |
| Owner Occupied HU | 2,766 (51.1%) |
| Renter Occupied HU | 668 (12.3%) |
| Vacant Housing Units | 1,977 (36.5%) |
| Median Home Value | $484,739 |
| Average Home Value | $688,625 |
Residential
4,144
Single Family
4,142
Multi-Family
2
Businesses
318
Date | Event | Price |
|---|---|---|
| 2025-06-28 | Listing removed | $2,500 |
| 2025-06-14 | Price change | $2,500 |
| 2025-05-08 | Listed for rent | $2,250 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $2804.69 | 13.00% | $212,790 | 14.58% |
| 2023-07-01 | $2482.05 | 0.12% | $185,720 | 14.19% |
| 2022-07-01 | $2479.11 | 2.60% | $162,640 | 5.82% |



Listed by: Stacy Alexander • Cook Residential RE
Mls Name: HLMLS
Mls Provider:
Mls ID: #174088
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.