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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 Burnet at 113 S Thomas Cove, Burnet, TX, 78611 priced at $399,000 converts $2,596/mo rent into after a $1,953/mo obligation. Total monthly income equals $2,596/mo. Return on cash invested prints 17.72% in year one, and rental yield reads 7.81% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 92.31% and total cumulative return in cash sums $122,102. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,596/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 2019
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78611, Burnet, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,970 (100%) |
| Owner Occupied HU | 5,024 (63.0%) |
| Renter Occupied HU | 1,421 (17.8%) |
| Vacant Housing Units | 1,525 (19.1%) |
| Median Home Value | $359,337 |
| Average Home Value | $468,828 |
Residential
6,767
Single Family
6,650
Multi-Family
117
Businesses
692
Date | Event | Price |
|---|---|---|
| 2025-05-29 | Price change | $399,000 |
| 2025-01-31 | Price change | $410,000 |
| 2025-01-09 | Price change | $425,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-29 | $6416.28 | -4.58% | $395,182 | -3.96% |
| 2023-05-29 | $6724.39 | -1.23% | $411,494 | 24.21% |
| 2022-05-29 | $6808.05 | 21.48% | $331,293 | 23.94% |
Listed by: Kayla Runge • eXp Realty, LLC
Mls Name: HLMLS
Mls Provider:
Mls ID: #173608
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.
