132 Sherman Lane, Leakey, TX, 78873 | Equity Gain $4,511/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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132 Sherman Lane, Leakey, TX, 78873 | Equity Gain $4,511/yr | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Leakey at 132 Sherman Lane, Leakey, TX, 78873 offers $0/mo rent that, after a $3,421/mo payment. Total monthly income is $0/mo. Return on cash invested measures -5.88% in year one, and rental yield stands at 0% at a $699,000 entry. Equity gained on principal adds $4,511/yr while 5% annual appreciation compounds into $193,121 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $3,421/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

1.81 Acres lot

$N/A/sqft

No HOA

More details about the property

WATER WATER WATER! Welcome to one of the rarest opportunities in the Frio River Valley. Owners enjoy access to 8 acres of private Leakey Springs community park AND 137 feet of Frio River frontage. This property features two homes on-site, making it ideal for full-time living, vacation use, or short-term rental investment. The main home is a newly built 2-bedroom, 2-bathroom house with 1,050 sq ft of interior space and an additional 900 sq ft of covered porches, all set on a pier-and-beam foundation. The second home is a 1-bedroom, 2-bathroom cinder block structure, offering solid construction and flexible use. With a new water well and storage shed on property, this one checks every box that a property could check. A strong income potential (STR's are allowed) and a prime riverfront setting - this is a property you don't want to miss.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78873, Leakey, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	929 (100%)
Owner Occupied HU	529 (56.9%)
Renter Occupied HU	99 (10.7%)
Vacant Housing Units	301 (32.4%)
Median Home Value	$349,074
Average Home Value	$408,648