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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 Salado at 1281 E Creekview Dr, Salado, TX, 76571 priced at $599,000 converts $2,514/mo rent into after a $2,932/mo obligation. Total monthly income equals $2,514/mo. Return on cash invested prints 9.33% in year one, and rental yield reads 5.04% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 47.33% and total cumulative return in cash sums $93,274. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,514/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 2003
3 Acres lot
$N/A/sqft
$204 annually HOA
Neighborhood data shown for ZIP Code: 76571, Salado, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,913 (100%) |
| Owner Occupied HU | 3,095 (79.1%) |
| Renter Occupied HU | 574 (14.7%) |
| Vacant Housing Units | 244 ( 6.2%) |
| Median Home Value | $445,392 |
| Average Home Value | $511,914 |
Residential
4,248
Single Family
4,240
Multi-Family
8
Businesses
519
Date | Event | Price |
|---|---|---|
| 2024-11-22 | Price change | $599,000 |
| 2024-10-26 | Listed for sale | $624,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $642,144 | 29.59% |
| 2023-12-27 | $1905.35 | -52.87% | $495,514 | 10.00% |
| 2022-12-27 | $4043.10 | N/A | $450,467 | 10.00% |
What's Special
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Listed by: Valerie Bourque • Gate to Gable, LLC
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #560397
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. 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. Copyright 2024 Central Texas MLS, All Rights Reserved.
