1504 N Water StBurnetTX78611
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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
Investment Highlights
Investment property for sale in Burnet at 1504 N Water St, Burnet, TX, 78611 offers a 9.44% rental yield on a $135,000 purchase with $1,062/mo rent. Total monthly income registers $1,062/mo, and a $661/mo payment leaves $102/mo available for distribution. Annual cash flow reaches $1,221/yr on $44,753 to close, and return on cash invested stands at 22.64% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 118.71% and total cumulative return in cash at $53,125. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,062/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78611, Burnet, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,970 (100%) |
| Owner Occupied HU | 5,024 (63.0%) |
| Renter Occupied HU | 1,421 (17.8%) |
| Vacant Housing Units | 1,525 (19.1%) |
| Median Home Value | $359,337 |
| Average Home Value | $468,828 |
Housing Distribution
Address Breakdown
Residential
6,767
Single Family
6,650
Multi-Family
117
Businesses
692
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