








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


Investment property for sale in Horseshoe Bay at 117 Lost Spur #2, Horseshoe Bay, TX, 78657 with 5% annual appreciation on a $415,000 basis while $2,746/mo rent supports operations. 25% in year one. Equity gained on principal adds $2,678/yr, and five-year appreciation sums $114,657 alongside rental yield of 7.94%. Five-year ROI measures 90.14% and total cumulative return in cash totals $124,005. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,746/mo property income versus a $2,031/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1981
871.20 sqft lot
$N/A/sqft
$1,200 annually 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 |
|---|---|---|
| 2025-01-11 | Listed for sale | $415,000 |
| 2024-05-18 | Listing removed | $415,000 |
| 2024-05-14 | Listed for sale | $415,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $223,644 | 20.00% |
| 2023-02-13 | $2490.75 | -0.18% | $186,370 | 13.86% |
| 2022-02-13 | $2495.12 | 6.33% | $163,690 | 9.67% |



Listed by: Michael Butler • RE/MAX HORSESHOE BAY RESORT SA
Mls Name: HLMLS
Mls Provider:
Mls ID: #171512
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.