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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 116 Tom Kite Drive, Burnet, TX, 78611 generates $3,172/mo in rent and, after a $2,007/mo payment, leaves $181/mo in cash flow. Total monthly income is $3,172/mo, and annual cash flow is $2,174/yr on $135,915 invested. Return on cash invested sits at 21.51% in year one, and rental yield is 9.28% on a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 112.9% and total cumulative return in cash sums $153,443. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,172/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.31 Acres lot
$N/A/sqft
$225 quarterly 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 |
|---|---|---|
| 2025-06-01 | Listed for sale | $410,000 |
| 2024-04-17 | Listing removed | $386,515 |
| 2024-04-09 | Price change | $386,515 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-01 | $5238.67 | 350.75% | $284,000 | 351.32% |
| 2023-06-01 | $1162.21 | N/A | $62,927 | N/A |
Listed by: Mischelle Griffin • Lake-Land Realty Hill Country
Mls Name: HLMLS
Mls Provider:
Mls ID: #173641
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.
