








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 Lockhart at 1315 Walter Ellison, Lockhart, TX, 78644 offers $2,160/mo rent that, after a $2,178/mo payment. Total monthly income is $2,160/mo. Return on cash invested measures 11.74% in year one, and rental yield stands at 5.82% at a $445,000 entry. Equity gained on principal adds $2,872/yr while 5% annual appreciation compounds into $122,945 by year five. Five-year ROI records 60.25% and total cumulative return in cash reaches $88,880. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,160/mo property income versus a $2,178/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78644, Lockhart, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,724 (100%) |
| Owner Occupied HU | 5,615 (64.4%) |
| Renter Occupied HU | 2,384 (27.3%) |
| Vacant Housing Units | 725 ( 8.3%) |
| Median Home Value | $234,543 |
| Average Home Value | $282,891 |
Residential
8,067
Single Family
7,406
Multi-Family
661
Businesses
755
Date | Event | Price |
|---|---|---|
| 2025-01-09 | Listed for sale | $445,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $424,370 | 10.00% |
| 2023-02-13 | $2212.84 | -34.54% | $385,791 | 10.00% |
| 2022-02-13 | $3380.60 | -0.55% | $350,719 | 10.00% |



Listed by: Michelle Harmon • Lone Star Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1841970
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.