








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 Lakehills at 148 Elm Cove Dr, Lakehills, TX, 78063 offers $2,998/mo rent that, after a $3,421/mo payment. Total monthly income is $2,998/mo. Return on cash invested measures 9.77% in year one, and rental yield stands at 5.15% at a $699,000 entry. Equity gained on principal adds $4,511/yr while 5% annual appreciation compounds into $193,121 by year five. Five-year ROI records 49.65% and total cumulative return in cash reaches $114,182. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,998/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 2022
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78063, Pipe Creek, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,140 (100%) |
| Owner Occupied HU | 3,617 (70.4%) |
| Renter Occupied HU | 497 ( 9.7%) |
| Vacant Housing Units | 1,026 (20.0%) |
| Median Home Value | $287,675 |
| Average Home Value | $360,341 |
Residential
4,012
Single Family
2,678
Multi-Family
1,334
Businesses
250
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Janet Smalley • Kuper Sotheby's Intl RTY - NB
Mls Name: Central Texas MLS
Mls ID: #576139